Good words sig, and I agree.....at this point, I wont sell my stuff.....I mean sheez, jdsu and sunw and ntap and etc, etc, nipping at $10....why sell at this point? And, if we do drop down into single digits, i think we would be foolish not to buy certain stocks....if we liked them at $100, why would we not like them at $8....bottom line is do we think the economy will recover and earnings get better, or not. I think eventually things get better...like I said, I dont know when...maybe a month, maybe 20 years, but regardless, I will not sell now at such low levels, and will not panic if we drop and see jdsu at $5.....I will simply buy more and wait.....if it takes 20 years to see $100, then so be it......if you told me right now I could buy this widget for $10 each, and in 20 years I could sell them back to you for $100 each, would I buy them at $10 knowing that? I would, and in fact would buy as many at $10 as I could.....and I think 20 years is a long time...hopefully plenty of time for the economy to recover. But then again, maybe we never recover and the world is ending...what the hell do I know, anyway.....
Keith |
