There are so many stocks, such as ATHM, that I beat myself up over, because I did't invest....and see where so many are now.
My style is to buy and hold. I have to accept it for, better or worse. When I try to go in and out, business gets very busy and I miss entry and exit points.
I've tried stop loss orders, etc. and enough of the time for me, something goes wrong and I don't profit. For instance. I tried a stop loss on a stock and had the stock drop precipitiously. 2 points later it's sold on the basis of the stop loss, but at 1.5 lower than specified (that's Chas Schwab for you), and then it whipsawed back up. I loved it. It was Oracle. I held it from 8, through a ton of splits, and all of a sudden I was out of it and if I wanted back in,I'd have fewer shares than before I tried to outsmart the market by timing it.
I know there is a point here someplace. Yes. I bought GMGC starting at .90 years ago. Then, I bought at various times later. Here I sit with more shares of GMGC than I have of any other stock, except my own companies. And here I will sit until it's over.
Hope that we are all proved right and prescient by the long run.
Best,
G |
