XIDE: "Could you just imagine the patience, fortitude, and conviction of someone buying the March 2006 dip."
bigcharts.marketwatch.com
People who bought on the March dip had conviction. That they needed patience and fortitude, I'm not so sure. Because it looks to me like anybody who bought in 3/06 was in postive territory by 4/'06. And depending on what their tax consequences were or are, it maybe even got a little easier hold through 12/31. And if they were USA citizens in taxable accounts, by 1/07 or maybe 2/07, there's a reward for staying through the twelve month holding period through Mar. '06 (and thus serendipitously capturing the Feb. '07 stock price rise).
finance.yahoo.com
The people with patience, fortitude, and conviction - imo - were the people who bought the stock not at $2.50/sh. (3/06-4/06), but who bought at $4-5 a share, had losses (or no gains) and had to hold on from anywere between May of '05 through until almost end of Jan '07 to finally see a profit. That was sticking with a losing or no gain position for as long as 18 months while the stock was basing.
That is, imo it's a heck of a lot easier (or more common) for people to stick with a stock that's up and maybe moving up, than to stick month/years with a stock that's a loser and/or losing. jmo. |
