Thanks for the kudos. Writing helps me crystalize my thinking, and if someone else benefits, it's fine with me.
I am in the ST camp right now, so I unveiled my decision points and macro perspectives.
I want more stock, but I think I can do so lower, letting fear rule for the ST and then finding the time again for the greed reversal. It will come, and I won't force a false impression of when that it by fooling myself. I'll pay more for those green lights if I have to..., as long as they are green. They were all green before, but they are not now.
For me, with the trading gains I've made on this stock, I think I will write some puts, and see if I can tag some cheaper stock for the next leg up, or wait for the split. Lots of premium with this volatility....
There is more psychology here than meets the eye. Keep that in mind. Traders have a distinct advantage sometimes in that they don't marry any stock. Traders say "what have you for me today, stock?" If nothing, you're gone.
On the other hand, LT investors sometimes find it hard to continuously challenge themselves on a hold decision (even when down or if the fundamentals change) because no one hates to admit they are/could be wrong. It's humbleing.
Have the fundamentals changed for CMGI? No, I don't think so LT with the vision part. But the pivot point is valuation and LCOS ultimate deal. The pressure is rising, there.
Best Regards,
Steve |
