Salim, I'm sorry to hear that. Many of us, including myself, have held Ampex since it was listed on the pink sheets. One thing that I have learned about this issue, as well as the issues that have produced the most returns for me, is patience! I've been patient with AXC holding from the pink sheet days only to see the stock's price move a quarter here a quarter there, rise a dollar, drop a dollar. Guess what? I'm not complaining at nine to ten. I could have sold at 10 or 11 and called it a three or a four-bagger. Sure I would love to see AXC rocket to 15, 20, 25 next week, but I doubt it will . . .at least not THAT fast. I see no reason why it shouldn't be bouncing off of these levels in the near future. I'll hold, maybe accumulate again on dips. The fundamentals are there, dude. Don't over work or over manage your portfolio. That's been my greatest downfall in the past. I thought the same as you about Jabil Circuit(JBIL) when I owned it a at 10. Dumped it a soon as it inched up to 13-1/2, and two months later I'm kicking myself in the butt as it (still) trades daily in the mid fourties! I'm willing to bet that others on this thread have similar stories. Bottom line, if the fundamentals are there, patience pays off in the end.
Forrest |
