"why keep your capital tied up in an investment that has performed poorly relative to the overall market, and will likely continue to do so for the foreseeable future?"
Come on Jason, I think we should be able to expect better out of you. You continue to pick very specific time periods to try and prove your points, and it doesn't make you look very good. Actually since I started buying WinStar 3 years ago, while I was reading IBD WinStar was almost always over 90 Rel Strength. And it probably has been much of this year.
Lets just look at a nice easy one year return; WinStar plus 33%, Wind River minus 7%. Who's underperformed??? And I imagine out of everybody on this thread, you held WIND while everybody else held WCII. Actually WIND is trading about where it was two years ago. That's pretty poor relative strength, wouldn't you say? And yet you are so bullish on WIND that they hire you???
"I think you are letting your wishful thinking override your better judgement."
Not really. Actually I went 100% cash a while back and will probably stay there as long as the market is plus 300 one day and minus 300 the next. I like to trade, but unless you have a crystal ball that tells you which way tomorrows gap will be, it's pretty tough in this market. So I'll sit and watch. But when things calm down, like I said, WinStar COULD move up by a factor of five from here within a year. Not that that's my projection, but I think everyone would tell you that it COULD. Could WIND move up 400% in a year. Highly doubt it, you'll be doing good to look for 50%. Is WIND any safer, just because they have positive earnings? Well judging by one year performance, I'd say no. So if you want to talk relative strength, I could make a better case for WinStar being one of the best performers, WIND being one of the worst, and WinStar probably better than average chance of being one of the better performers for the next 12 months. |
