<<I'll give you a different answer. Because half of all trades are wrong. Every share of ANCR I own was purchased from someone who thought the price would go down. Sometimes they were right, and sometimes I was.>>
Is this really true? Can't every side of a trade be right? Let's say that Ancor becomes the rocket we all hope for. If person A bought 1000 shares at 4 and sold it at 8 to person B, who in turn sold it to person C at 16, ..., couldn't you claim that that all trades were good for all parties? Some people may sell because they think the price might go down, but others sell just because their objectives were met, e.g. they doubled their investment.
If I somehow knew that I could double my money by making just one trade per year, I would be a very happy man. I would be willing to have my money out of the market for most of the year. Of course it would be tempting to try to get more than a 100% return, but I might muster up enough discipline to enter that GTC sell at 2X the day after I bought stock rather than risk having the big gain evaporate.
Mind you, I don't think I'm good enough to find a 2X stock each year, so I won't be using this strategy. Nevertheless, I would not say that person D was wrong to sell ANCR at 64, when we all know it will be going to 128 in just a few more weeks.
Here's hoping we return to a more jovial tone to this thread,
Greg |
