Larry,
I can't tell from your post whether you are concerned about the long-term fundamentals of Gorilla Gaming, if you are having a difficult time emotionally dealing with the volatility, or both. If it's the volatility that is bothering you, I believe it would be prudent to trim your stock positions and move some of your assets into cash. Nothing is better than sleeping well at night. Otherwise, I'd suggest that you tough it out.
But the IT slowdown,
There will always be periods of slower and higher rates of growth. We all knew the economy couldn't keep growing at 5% annually with no negative side effects. Though we might indeed have a recession (after all, we haven't had one in a decade!) right now the evidence is that we've got a slower rate of growth, not negative growth. And even if we do have a recession, LTB&H causes us to hold through recessions because we can't successfully, repeatedly time when to get in and out of the market.
But the ... general market deterioration
Only Chaz can repeatedly know what the general market is going to do and when it's going to do it. Staying in over the long haul not only keeps you in the market during that 8% of the time that you must be in to make money, but it also defers payment of capital gains taxes that would otherwise dramatically erode your life-long returns.
But the ... economic malaise is leading to a very difficult investing climate.
Again, if it's difficult emotionally for you, that's truly understandable. Adjust your tactics if it is. If it isn't, stick to your strategies, whether they're based on GGaming or not.
Best of luck to you with your decision!
--Mike Buckley |
