Bruce,
Well said.
I tried to look at ECO as if i just came onto this company
this week. I would find it undervalued (hey, it beat Zack's
earning estimate); i would probably buy some and go on with my business.
Perhaps here, our wishful thinking has found a forum, and
we encouraged each other to believe what we wanted to come
true. We wanted that $1.20. We blinded ourselves to the
obvious, that the stock was decreasing before earnings, which
is an unusual for a company that is gaining momentum. We even
voted, good democrats we, and believed that that would determine
the outcome. Then $1.08, the stumble at the cc....
But it's a good company making a lot of money. Buy and hold
this one. Other stocks are better for speculation.
All the 'updates after conversations with IR', all the
'tidbits from bumping into Mike at some convention', all the
'wishful musing', i am going to have to forego. I get too
sucked in.
Fundamentals matter. News matters. Buy low, sell high.
Keep it simple.
Occam's Razor: the most obvious is usually it.
Thanks for letting me babble and get this off my chest.
Rough week; i got caught up in the drama.
From now on, i'm sticking to facts.
Cheers,
m |
