A general question in these frustrating times: -
I have followed the excellent postings on this thread and greatly respect the time, energy and insight that the posters have contributed. I hold positions in EMC, JDSU, NTAP, ITWO, INTC and SEBL. I do not own Q or others at this time.
I subscribe to the GG theory of buying dominating companies in growth industries. My problem is that given the current market, and the likelyhood that we will continue to see sharp declines in these stocks, it is getting very difficult to endure the daily losses from holding these stocks.
I understand that GG requires a LTBH philosophy, but am getting very tired of 10% daily losses. At what point is it better to sell, or sell part, step aside, and re-enter when the overall market conditions improve.
I have owned some of these stocks inthe past, and bailed, just to see them turn around and post huge gains. But the IT slowdown, general market deterioration and economic malaise is leading to a very difficult investing climate.
I'm sure many here have the same feeling. thank you for letting me vent. any responses would be appreciated. larry |
