Barbara,
The object in the market is to make money.
ALL stocks are inventory, and when you buy inventory the idea is to sell it to the next individual at a higher price.
At that moment it is his problem to perpetuate the same game, but at
a higher price with more risk.
Sitting on an issue that runs from 10 to 45 to 10 then 20, and not taking advantage of the volitility is a waste of time.
Story stocks, as Lizzard pointed out, are the issues that fall the hardest in bear markets, and recover when a more optimistic light
appears.
Issues that have convertables are more volitile than most due to
their debt load and dillution, with bond owners who could care less about the company....ie collecting fat premiums while shorting the common.
When you know how the game is played, then and only then can you
understand what to do to increase your performance.
This board is constantly filled with conversation about the "fundies"
of the company, which is a lifevest for most.
Stocks are a means to an end, not a religious event.
You will never see me talking about how great WCII is, or
how much merit they deserve.
I am a trader, and look at this company as I do ALL companies..ONLY
a means to and end.....PROFIT.
The markets are a game about perception. never forget that.
Many would have you believe differently...
I find it extremely funny that the old Peter Lynchman has become
schill for you know who.
Talk about perception, eh?
I have never made any direct personal comments to, or about you, so being the self elected board "monitor" indicates a strong sense of community spirit on your part.....
Gabor, on the other hand, must think of investing in a more religious light which I totally disagree with, as you now know.
I cannot speak about the rocks that Lizzard I and lounge on, as you
so aptly make reference to...maybe Lizzard can. |
