I'm not angry at analysts. They've enabled me to accum over 150k shares at fairly cheap prices.
You know, Sarmad, I like WDC also at these prices. I recently added to my long position at 9.84. I now am holding 1,200 shares. Also have 400 shares of MXO.
I'm a revealed preference kind of guy. That's econ for saying "follow the money: watch what someone does, not what they say". Of course, for all I know you could be a billionaire and this could be one of your smaller positions. <g>
I was just talking to RtS about AD, and he was saying that his "downfall" was when he departed from his strategy and accumulated a 50,000 share position rather than his usual 3,000 or 5,000 trading share stake. If you don't mind my asking, 150K shares sounds like a pretty major committment to a stock for an individual investor. Are you beyond the diversification thing? I've got about 40 different names in my portfolio. It really scares me to have more than 10% in any one name and if it gets to that point, I usually start to lighten up even if I still believe in it. If you are not diversified, how did you get past it and how long have you carried such a concentrated position? Do you see any danger in it?
Let's take a break from talking about our friends, the analysts. As you point out, they have a certain useful place in the food chain, and once you realize that we can all co-exist peacefully. <g>
Sam |
