Robert,
One point, don't let yourself feel bad for being a long.
Inherently, long means you believe in the company and
where it is heading and you've decided not to sell on
the dips--right?
As I've always said, if you look at TI's chart over the
last many years, the big drops are normal and expected,
especially after a big run up. The chart man, Larry is
it?, has been pointing this out and sort of warning every-
body about October--he's right but we deep down knew this
anyway--remember my post asking about this phenomena--before
his chart message? (Larry's analysis is great by the way,
in my opinion and helped us put some science into our gut
feel--thanks Larry).
Anyway, back to my little talk..........
Right about the time the stock becomes vulnerable to a fall,
a cyclical fall, anybody and their neighbor can look good by
talking up the negatives of TI and making it look like they
are really smart, smarter than a long. But they are not so
special, they are simply like people saying it's going to snow
in December and it often does. The good they do is to remind
the longs that the cycles are not dead and to get realistic,
realistic that the chart has not become balistic and forever
upward. We thank them for this at least.
So, again, don't let the "I told you so" nature of some of the
posts get you down. The company is stronger than ever. Not
beyond criticism but it is stronger by a long shot now than it
was after the last big dip in 1995/1996.
Nothing is guranteed but I think you'll have a good shot at
your South Padre Island beech house someday.
We'll just have to listen to the loud thumps generated from those
folks patting themselves on the backs for predicting winter.
JB
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