Bruce,
I'm with you, we will have our day. People focus too much on the daily stock price and not enough on the company fundamentals. DCTC is a much better company now than it was last fall when it was trading at $4. There is no doubt about it. I feel much more comfortable about owning DCTC now than I did back then. I know that does not make much sense with the current price, but the company's prospects have gotten better, not worse and that is always my first focus. I have been a steady buyer through the last few months of weakness, as the releases continued with positive news. The stock price will catch up, as all the new revenues kick in. It is that simple.
Overall, as a long term investor, I simply trust my evaluation of a company and live with the bumpy ride as long as the company's prospects continue to be positive. Unfortunately, most people forget that in the short term a company can do virtually nothing to effect its stock price (up or down). Market sentiment rules. All too often, people get caught up in the selling/dropping stock price (or buying/increasing stock price, depending on the situation) and forget to look at what a company is doing and what its true value is. This leads to one of my favorite Warren Buffet sayings, paraphrasing, "the only reason I look at a stock price is to see if the market is doing something stupid I can take advantage of". I think my biggest investing problem is that I always underestimate how stupid the market can be.
JJ |
