the market has put the LTB&H thing out to dry
Don't be so sure about that. I plan to hold Q for a long time, at least five years. Probably much longer.
I got in early Summer '99, and rode the '99 moonshot. Riding the escalator down for a couple of years buying more in bits and pieces here and there.
Assuming that I would have sold on January 1, 2000, making a fantastic profit, the question would have been: What now? Have I sold Q against my plan, which includes cashing in on its 3G lock and the promise of HDR, as it was called then?
What would I have done with the profits assuming a January 1, 2000 sale? Invested elsewhere, for sure. Given the market's action since January 1, 2000, I would have in all likelihood lost my shirt and given up my plan all at the same time.
I am keeping the stock and adding as I can. I will wait patiently for the promise to be realized, as I'm sure it will be. I have very little doubt that patience will be rewarded.
It is very difficult to be a LTB&H investor. But no one times the market correctly all the time, and the risk is simply not worth it.
When I sell my Q holdings at a huge profit-vbg-, I'll do it with a plan in mind, probably to buy conservative income-producing assets. |
