I hear you lazarre!! There are no, I repeat no stocks to ever buy and hold, if you do its buy and lose. There is no rationality to the market, I think the "Efficent Market" theory is BS, and it is a constant battle to make money and preserve capital. Congrats for getting out of AHAA while the getting was good. As I stated before, me not getting out a $50 in late August was the worst investment decision (or lack thereof) I have made all year. I believed the story, and still do, but to take more ST gains would have put me in a higher tax bracket, and I let that effect my decision. Doh. I also used the thinking that if AHAA went to $0, I would only lose half of my gains for the year, so I could take the risk. While that is still true, going from paper gains to paper losses still hurts and I should have taken the tax hit.
Investing requires a constant evolution in thinking, and apparently I am still learning. Oh well, I guess it could be worse, I could own MSTR at $300!!!
Cheers,
Tom |
