You waited to sell until it was time to buy. BTW, I think that NTAP is a buy at $40, $50, and $60, too.
I thought it was a buy at those prices, and higher prices as well. But the market disagrees with me, and I know that there's no arguing with the market. On the way up from here, I may think it's a buy at $25 or $30. We'll see how things go.
As for my bad timing, we'll see. I know that I'll sleep well tonight, however, not dreading the next wave of downgrades and 12% plummets. Can you say the same thing? I will be very happy to re-enter the stock once the climate improves. Heck, you can scalp me your shares.
FWIW, my IRA is still 100% (yes, one hundred percent) NTAP, and I intend to keep it that way. I am still weighing whether I should sell the rest I have in my regular portfolio, or keep holding.
What are other folks here doing? Selling? Holding on? Buying more? Head-in-the-sand? I think I avoided checking quotes during the fall from 36 to 18, and that hurt. From personal experience, I now advise against the "I'm not even going to look" strategy of loss management. |
