Re your excellent discussion of buying back stocks..
>>>>Would you ever buy back into it after the split or do you never look back once you have made your decision to be done with it? >>
It is said we need constant reminders. And also the mind is good for making comparisons.
I am continually comparing todays holdings with
successful holdings of the past, which would include bac, aol, cpq, msft, hd, ba,yhoo, qcom ,etc.
Sometimes it becomes irresistable to try those again.
Which should be done IMO verrrrrrrrrrry carefully. I recently bought 3 calls each on cpq and aol at $1 or $2 each
which are not doing too well(haha). It seems the ceiling on Aol is set at 60 and that of cpq is set at 35.
A cheap reminder that these large caps are playthings of the Street and will not move, regardless of news, until the Street is ready.
I don't have to buy anything outside the tech field to get a reminder- just glancing at the recent performance of
ba,bac,f, gm, pg, or dl will drive me right back to nearly pure tech stocks despite their volatility.
I thought Yhoo had finally turned the corner so bought 10 shares to test the waters- and lost(G).
Summary
Seems better to try a new stick, jnpr, brcd, etc than to expect a decrepit mo-mo to make a comeback. Sig |
