Cheese,
I never thought I'd hear anything good come from a "Cheesehead", but your post was one of the best I've seen in a long, long time. It's simple statement of the facts of life should be heeded by all, i.e.,"I am going to tuck this one away and remain very patient."
The problem with some of these threads is the sense of urgency, the desire to get rich overnight, the constant cries for "the news, where's the news" that is supposed to make the price skyrocket. The nays prey upon this anxiety and accellerate it so that they can use it to disrupt the thinking of the shareholders. This type of thinking has become so commonplace that some shareholders feel that there is something wrong with their company if there isn't a news release about twice a week to drive up the price of the stock.
You, it would appear, had $1000-1200 of speculative capital. It doesn't sound like you spent the kids' college money. You did your DD and decided that you could put up with a limited downside in order to possibly gain from the potentially unlimited upside. In return for the possible 2X, 3X, 5X, 10X? return, you would be willing to wait for more than, oh say, a week. That's what I would call investing, highly speculative, but still investing. Anyone expecting anything sooner might as well be gambling.
Impatience is what the nays thrive upon. I apologize if I put words into your mouth that I shouldn't.
Best regards,
AD |
