Boy, you speculators are a touchy bunch. If you look at the posts for the last week, you'll see a waning in confidence, and with the muzzle put on Mr. Jacobs, the promotion of this company is drying up. I do think the stock is overvalued right now because of the promotion (if you recall my first post on this thread that was a concern to me then). Therefore I think the most recent correction is not last.
I'm not sure I understand your sentence structure, but to answer what I think is your question, I am in favour of this stock long term, that's why I've been following it for two years, but I am adjusting my portfolio in the short term because I need about $20,000 for income taxes, and I can't afford to ride the wave we are seeing and potentially have to sell on a low point (only gamble what you are prepared to lose as they say).
I would like to get rid of the speculators who are making the stock so volatile. In the long term I think the volatility we are seeing will scare off the serious investors.
And no I'm not a shorter. I do have enough confidence in the stock that I think I could get burned and see my entire portfolio get wiped out.
On the sidelines for now, but will be back in again.
GM |
