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Strategies & Market Trends : Galapagos Islands
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To: Challo Jeregy who wrote (14394)11/26/2002 2:31:48 PM
From: PuddleGlum  Read Replies (2) of 57110
 
I knew that question would come up. It's kind of a religious thing, the stock has been sacred, so you can see that there is more to the issue than just money. I'd like to see it in the low 20's, but I actually intend to buy back at 29-30. As TP notes, the stock is expensive by most metrics, but it has always been so. 19-20 would be historically cheap for the stock on an earnings basis.

It wouldn't do to have the stock head higher without me on board, because I don't like the idea of having someone's eyes drilling holes in my back when I'm sleeping.

edit: The real answer to your question is that I convinced my wife that my trading system was screaming loud enough that we should do some serious selling. So she didn't yell very loud when I sold. But I'm still on the hot seat.
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