Fred,
You brought Intel's "overreaction" as an example--a very good one. Let me tell you about what I did....
I started loading up on Intel when it was in the mid-50s. This, *AFTER* it bottomed at 49 3/4. Sure, it was all a big overreaction, but I believe in waiting until *AFTER* I see the bottom, and it becomes reasonable to assume that the stock had turned the corner, and would resume its uptrend.
Much the same with USRX....I still don't think it has hit bottom. Unlike Intel and the technology stocks back in January 1996, USRX and the technology stocks haven't yet suffered from an "overly-overreaction," and become "overly-oversold." I still think there is further downside--warranted or not--for the technology stocks in the near-term. And that includes USRX.
>Out of curiosity, what is the longest you have ever held a stock??>
The longest I have held a stock for one continuous stretch---I bought my first position of NKE in late August (or maybe early September?) 1995. I hold those shares to this day.
Sal Habash |
