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Technology Stocks : GTIS: Is there a better bet for Christmas sales?
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To: Mike Kao who wrote (179)12/7/1996 2:51:00 PM
From: RJC2006   of 432
 
Yes, Mike, sorry you are correct--there have been some people that were in at 20 on this thread and perhaps you are right where they are concerned. But for my example, I am in at 12. You must admit that the recent drop occurred very suddenly. I for one only bought a couple of weeks ago and I usually allow any issue at least 6 months to perform. So selling at a 35% loss concerning this type of news would have been ludicrous. The stock may go lower, it may not, either way I have time on my side. It goes to 3, I don't puke or feel pain because the buy wasn't set up to hurt me. Yes, I know there are opportunity costs but as Charles maintained this company makes money. If they stop making money then ALL your points are much more cogent.
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