Thanks, KZAP for bringing a dose of reality. How shocking it is that gambling goes on in this casino called the market.
People have to accept that. When I or anybody make an investment in any company, we have the right to compartmentalize that investment as long, medium, short, real short, premature ejaculation or any other time slice. The objective is profit. If a company is upset with its volatility due to trading, then why the f*ck did they go public in the first place? If they want to stop it, then they should do something about it. Buy the stock back, grow the business, market yourselves.
In the final analysis, cream rises to the top, if it is indeed cream. If not, you have an obligation to your family and yourself to take what profits you can, when you can.
Warren Buffet says people who hold a stock less than 5 years should be hit with 100% capital gains tax. I would expect HIM to say that now that he's made his BILLIONS. As for me, one should never be married to any stock.
Have to admit I wish I'd taken this advice on CSMA, SETO and others. I'd have a lot more shares/cash now.
TG |
