Al, it's frustrating buying a stock and watching it go down. I know, it happened when I bought Nextel in January. It went down 20% in the first 3 months. I felt awful, my first sizable stock purchase was going down the tubes, and I didn't know why.
I was so sick about it, I couldn't even check the price on a daily bases. Then seemingly out of nowhere in June it spiked up, and continued up to 32.
Yes, it is difficult to watch it slide down, but i'm focusing in on the big picture. Nobody can predict the market's short term movement on a consistant basis, certainly not me. But the overall picture (Arnie call's them fundos) looks better today than they did in July, and that's what's important.
Unless something undpredicted happens, i'm not selling my shares for less than 100. Whether it takes 3, 4 or 5 more years, I don't care (well 3 years would be nice). When Nextel hits 100 i'll have a 7 bagger (almost), a damn nice return for someone who thinks the Bullinger Band plays at the Hard Rock Cafe.
So hang in there, keep the faith, I want to enjoy the ride up with you and every else here. 1998 WILL BE A BUST OUT YEAR!!!
wonderbread |
