HAHAHAHA :o)
I cannot tell you how funny and well timed your post was! (but don't you think the nose is a little too big?) LOL
For those who rode the roller coaster down, now have twice as much SMTC in the pocket, and are appreciating the ride back up, I have two simple words of advice: don't sell!
You can always make better investment decisions once events have occurred, but the future is always a little less clear. I dropped a jaw when the price took a dive too, but I remember asking Todd about the last time this happened, what his thoughts were on the matter. His response was that it was a sharp industry wide event, and he had used it as an opportunity to buy more shares.
So ...... I did exactly that when it was still falling ..... and it went even lower ....... so, I got really nervous ........ but, now I'm really smiling ........... and, I'm still not selling because it will happen again, and I will do the exact same thing again :o)
Anyone desiring to use the :o) symbol should freely do so at any time (what do you call these thingies anyways). Just be aware that Stagger Lee may tell you that you have a big nose! HAHA
I recall your words Stu, they are well respected, but I resist the temptation to buy & sell on the fear I may lose my position one time when the stock shoots up like it has recently. In the case of SMTC, I think I like the idea of holding, and just adding to my position when I am able. It's not for everyone, but I do not trust my ability to pick an absolute top very much.
It's much easier for me to look at it this way: I bought in August, I have twice as many shares as I originally had, I added more when the price justified, and my return is more than adequate since that time. I know that selling at the top, and buying back in at the bottom sounds very nice, but I would have had to face the tax consequences, and I did not know what the price was going to do at that time. Oh well, like I said, I LOVE SMTC :o)
Regards, JB
Todd - that was well done, and came at a perfect time, thank you very much! |
