>Why was it unrealistic - Have you come to expect losses.
It is impossible to switch from massive losses to "instant
profit" in one quarter. SEG weathered the storm much better
than WDC, perhaps you should have invested w/ them.
No, I don't expect losses, as an overall investment strategy.
However, from WDC in it's current state I expect gradually
diminishing losses leading up to eventual profits. The stock
will rise significantly as that happens. My average cost is
$30.xx, so I share your pain, but give them a break. I'm not
worried in the slightest about eventually making a nice
annualized profit on this investment. I bought way too early,
but that was my mistake. I'm to blame for my bad investment,
not WDC.
So, don't blame the company, you chose to become an owner of it,
they didn't force you. In the future, you (and I) should probably
invest in companies that do better. However, you can only
blame yourself if you lost money in a stock. You picked it. |
