Understanding that there are a lot of "pissed off" shareholders out there, I have a question for those of you still hanging on. What part should our emotions play in deciding whether to buy, sell, or hold? I've been tracking this stock for a little while now trying to determine why the stock has slid the way it has. From what I can tell, the only reason it's sliding is because of the emotions of the masses. I understand there was a major profit taking by some larger investors early on which seemed to turn the stock price downward, but since that time, I have heard shareholders lamenting about what seems to be fear, anger, or some combination of the two. The reason I say this is to offer up a different--potentially pollyanna--outlook.
What if RP was trying when SYCR failed? What if he learned a great deal from that experience? What if he doesn't like feeling like a pariah to those who entrust him with their money? What if the quarterly report for Q1'98 shows that "Guru" is selling well? And what if R & N P are so busy trying to make this company grow that they don't have time to return phone calls and/or e-mails from every shareholder feeling a little panicky about the downturn in stock price?
Please understand, I'm not saying that the stock is going to hit the roof anytime soon.
But it might.
Instead of thinking of the price drop as proof that the sky is falling, maybe we should think of this as an incredible buying opportunity... Think of it as a Spring Sale Where Everything is Priced 50 - 75 Percent Off!
Peace, everybody, and keep smiling... |
