My Thoughts On the Bloodbath
Mary,
What a coincidence. I was composing a message to
Rodney with my thoughts about things just as you
were posting a message asking for my thoughts.
See my message 3705.
When I bought back in at the low 40s and high 30s,
I guessed wrongly that the correction wouldn't go
below the mid-30s. As it got close to that magic
$35 secondary offering price, it became clear to
me that there'd be a panic if it touched down to
$35, and I said as much in a posting here just
before that happened. I then thought that the
panic would only take it down to the mid-20s.
Obviously, I lacked sufficient experience at
knowing how to second-guess these corrections.
(Thus my admiration of Joe, who called it so
well, based on fundamentals calculations, no
less.) I've never doubted that the stock will
rebound, though, because the fundamentals are
there, and while I'm pretty new at this stock
game, I'm something of a gray eminence when it
comes to computers and have been very good over
the years at calling how the technology will
develop. I figure that being in at $44 will
prove to be, at worst, a wash, as long as I
don't let the crazy volatility of this issue
get to me. If it's a wash, well then, it'll
beat putting the dough into a money-market
fund, especially when I figure how much I've
learned from this great ride.
And what've you been thinking lately? You
didn't panic and sell, did you? Nobody who
follows this thread should have done that.
Cheers, Tom |
