At some time last autumn, I dared utter a sentence in a post stating that (I think the price was really starting to move towards $10+ at the time) we with all respect were closer to being able to buy again at $6 than sell at $60... Created an answer calling me a nut (in more polite terms, of course).
Following the last few posts, it seems the trading might have been deliberately 'manipulated' or just the result of the markets uneasyness at this stage. In any case, some days have gone by, and nothing has appared to tell us that something could be wrong in the actual development of VRD (bad test results and so forth). Conclusion: We'll just have to BEAR with it...
I agree with you that a sound investment policy is to try to pick the stock on a dip when the intention is to stay put for the long haul. It's also sound advice to sell 50% of the holding when the share has doubled, but to make this successful in the long run, you'll also have to force yourself to setting stop loss levels. THAT is difficult with this kind of volatility. My problem (and surely for quite a few of you out there) is that when target prices set in, I like to squeeze the last dollar out of the top. That last $ tends to get very expensive sometimes. Selling is the most difficult part of all investing!
Well, I picked up a few more on $9, but my average price didn't budge much...
Ever optimistic,
Kim |
