You're so right.
My timing is usually poor and I have lost my shirt several times when I tried to time several stocks. Let me tell you all a story. I owned Yahoo when it was 25, it went up to 43 in two hours and I was out. Well, I had touted the stock for months and thought strongly about it but when it fell quickly, I got worried and sold out, never to rebuy...what a mistake that was. I believed in the stock and left it.
Now I believe in Infospace and even though it's falling apart, I believe we have a winner here and I am rarely wrong, I only have a timing problem. I believe that we will see big things with this company and its concept; it's just so hard to watch those volatile swings. There is so much Infospace can do with their site; it's so useful already.
Thus, I will not bail on this one; I will keep it for awhile, at least 3 months and see what happens. I know, like Yahoo, that this one will be a winner. I can't tell you how many stocks I have been right with, it was only the timing that ruined me. I tried to time at least 10 stocks over the past 8 months and I didn't play that game well.
Oh, another one, I touted Inktomi for months, I had been using Hotbot for months and loved it. When it opened at 30, I said no, another mistake and look what happened several months ago. And now it's splitting. And I hear that Infospace uses a similar database as does Inktomi. |
