Skeeter,
come on. i can point to any stock that ever traded, after the fact, and say everyone missed out on a tremendous "opportunity."
There was no "after the fact" identification of the opportunity -- go back and read the posts on this board in Feb and June. If February, Intel reaffirmed their commitment to RDRAM at the IDF. In June, the memory vendors started agreeing to pay royalties on non-RDRAM memories. Anyone could see the stock was moving like a runaway freight train. Worried about being the last one on board? -- that's great! You should be. Learn to preserve your capital! Sell after a run when it looks like the stock might be hitting a top, then buy back if the run starts again. I missed $5 to $7 here and there and didn't catch the totality of either run, but wasn't there for the declines, either (well, I caught a few falling knives here and there).
I could agree that you wouldn't want to play the June run based on Rambus trying to go after SDRAM/DDR royalties, but in February there was no request for other royalties, no fraud, etc. All the longs made money; the mistake (which I made many, many times in RMBS in 1998 and 1999) was to not protect those gains.
Zeev calls it capital preservation. Have your stop losses set. It's a great idea for everyone. But don't stand aside when something's running -- take advantage of it and make money.
No reason to address Carl's behavior on the thread -- his suspensions and deleted messages speak for themselves.
Dave |
