The gut wrenching volatility keeps the individual investors away...
I have my own opinion on this:
Once an investor understands a company, and has a long term perspective they merely need a "cushion" to absorb this volatility. As an example, I purchased the bulk of my shares at 50 and 55. Once SNDK crossed 70 or so, I had my "cushion", and could care less what happened from there. Of course, UP is what I'd like to see, but unless something drastic changes fundamentally, I really could care less.
I believe the market is impossible to time consistently, and every piece of news is hyper-analysed and over-reacted to. Therefore, I buy the best stocks and attempt to enter them at prices that will afford me a "cushion" as soon as possible. SNDK is a perfect case of my strategy working well. I now sit back and "root" for my investment with no possible thought or intention of selling regardless how large the swings are. After all, the end result, with properly chosen companies, over the course of many years will be ultimate success.
If Eli would like to split the stock, that would be fine with me, or not...Either way I'll be here, watching and rooting. Education, patience, confidence and financial security are essential to successful long term investing.
Jason W
yawnattheswings@SNDK.com |
