Sun Tzu,
You seem to be pretty obsessed with stating over and over that you're not a short. "Thou dost protest too much". I suppose Eric isn't a short either..Nice tag team.
So given that you're not a short. You clearly have sold you're long position and moved on to greener pastures. So what are you doing spending anytime here when you should be paying attention to your other more lucrative investments?
The strategy that your suggesting for those perhaps that are still long is really buy high, sell low.
The Warren Buffett's and the Peter Lynch's have always bought based on fundamentals, i.e., the intrinsic value of the company in question and not the past performance of the share value. They and their kind have shown repeatedly that long term investing in quality companies in the long run outperforms the market averages. There is not a case that the intrinsic value of TDFX has declined, though certainly it's share value has. If you are a long term investor it is not a point of fighting the tape or riding the trend. The tape is largely inconsequential.
I recall from Peter Lynch, that "the movement of any stock over three years is random". As long as the intrinsic value of the company is solid, you buy and hold. You can ride the tape if you would like on Yahoo or Amazon and wake up tomorrow with a 10% pop or a 40% drop.
You can trade if you like. I prefer to invest and I am diversified enough, that this "random" movement in TDFX share value is inconsequential. This stock may or may not succeed, but because I buy and hold based on fundamental value I've got my 15-baggers.
Have a great day,
Jim |
