I have been in and out of AGPH for over 11 months now, trying to play the volatility. I remember when I was seriously going to take a very large position at $54. I didn't. No guts no glory. I have added to my significant position just recently too. On average, I'm in higher than you.
Ever since Viracept was approved, I've decided to go all the way, 6-8 yrs long. This is a great short term play, but the long term play potential is incredible. I sincerely believe today's share will be over $600 by 2004. You have to really study their technology, pipeline, and their management to feel comfortable about being long as I am.
What did Mr. Buffet say, "if you are not willing to hold the stock for 5 YRS, DON'T HOLD IT FOR 5 MINUTES"?
Have you ever wondered what it must have been like for those who
took position in MSFT, INTC, AMGN before they reached profitability and still owns them, what a feeling it must be.
Research, Patience, Nerves of Steel are what make great investors.
Regards, John. |
