A long term perspective certainly gives the investors a nicer sleep. But what about this scenario:
You got into Oxford Healthcare in 60, it went up to 64. Then after earnings (which was really bad) and downgrades, it went down to 24 or so. Would you still ride it out, hoping in the long term it will come back, or would you cut it right there? What if the company's fundamental are deteriorating? I mean, this is not a 10 point manipulation that we are talking about here, but a full 60% value down.
I certainly is a long term person (but not necessary an investor (1yr+), a short term trader maybe(1mn-6mn)) as I dont have to spend the money in near terms. However, I would not mind to get the money ASAP to a mid 6-figure level.
One more point. Back to FDC, my example. The block trade happened AFTER the downgrade. The block trade did not indicate a sell or a buy. Think about this: If you were a brokerage house, why would you sell after your own downgrade at a much lower price? Obviously it was a buy block trade then. The insiders want this stock bad, and this stock will likely to shine in the future (as Ney picked this stock 2 months ago noticing the accumlation behavior). I had doubts about this stock at first because of the company's not as glamourous as others, but from the analysis by Ney and my own (using the block trade), I decided to buy it.
Mr. Hwang, if you believe or dont believe in manipulation at all in the market, give us your input and of course, reasons behind them. Thank you.
Ben Y. |
