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Doug, here's why I didn't listen to you or Ramsey: because I am a schmuck! It takes me one hell of a long time to cozy up to a company before I buy their stock--I very rarely stint on the due diligence and research side--some exceptions, but not often. Therefore, when I belly up to the bar checkbook in hand, pull the trigger, I'm in, if you know what I mean. Which means that I have married the g.d. thing and am prepared "for better and for worse, richer and poorer, etc.". Now the fact that this flies directly in the face of " buy the stock, don't buy the company" usually doesn't let me down, cause the old Warrren Buffet buy and hold thing, plus my instinctive notion to buy into bad news, all that stuff, usually works. Well I'm going to have to take a long look in the mirror to see if this philosophy is appropriate for the tech stocks, and the Q in particular. Do not misunderstand me: I think the Q is one hell of a company, and I own a potfull, and I ain't and won't sell a single share. And every incredibly literate post from the chuckster makes me want to rush out and buy more--I mean if that dude is on the short side, it's like all the forces in the Universe make you want to be long. BUT, the nasty little canine on this thread keeps yapping about Puts for protection and Ramsey is day trading (minute trading?)and I'm kind of old fashioned and know zero about that kind of stuff so I just thought: well, that's cool, if the q-puppy and Ramsey are into the really sophisticated side, great for them, but not for me. Then, YOU pop in with a Joe Namath like prediction "KOREA WILL DEFAULT", and I kind of zoned out. Starting to ramble (and cocktail hour hasn't even begun!)but the point is that I should have listened to you guys, and didn't. Thanks for your posts and next time I will. Regards, Mike Doyle |
