Hi Robert.........Hmmmmmmmm.....I am not the sharpest crayon in the box....let me think through your suggestion...
1. If I sold off 50% of my RYVYX stock, I would lock in losses on those shares....variable amounts of losses depending on whether I considered I was selling the higher or lower priced shares that I previously bought......what I would have though is cash to begin the AIM process again, at the present lower level.
It seems to me that such a decision would depend on what "forecast" one would make for the future....
A. If the "forecast" were that the NDX would remain in a range below that required to precipitate sells under the present AIM sell levels (say NDX 2000-3000).....then such a move might make some money.
B. If the "forecast" is that the NDX will recover to the 4000-5000 level by the end of, say 2001, then one would seem better off to stay with the present position.
I guess the problem I have with trying to forecast involves, (a) no one can accurately forecast the market future in the short term (b) trying to do that introduces subjectivity, emotion, fear and greed, and all the things that AIM removes.....and (c) Until I sell those shares that I bought at higher prices, my loss is only paper, when I sell them, I lock those losses in...
If I "absolutely knew" that the NDX was going to remain range bound at the upper level of 3000 or so for many years, I would be interested in your suggestion......since I don't "know" that, and I don't think anyone does...I think I will sit on the shares until I can sell them at LIFO gains......just my opinion....I'm not the greatest market person around.
Regards, Bud |
