Fred, >That's why I am content to ignore short term flucuations and continue to focus on long term FA.<
Yes, I agree that one should focus on long term FA. But with USRX, I have found that it is profitable to pay attention to short term flucuations, when it comes to trading, comparing current price vs. current fundamental worth, trend, etc. Here's why: I don't have a basis of $6-1/2 per share, or anything close. I first bought USRX after doing some analysis on it at $70 last Oct 3rd. Since then I have bought and sold varying size positions at profits, including buying at 58-3/4 (Nov. 4th) and shorting at $80 (Dec. 2nd).
If I had done none of this trading, I would still be holding that first USRX stock now at 57ish which I had bought last Oct at 70.
So...looks like if it aint broke don't fix it. I'll be selling after sharp rallies (provided they are forthcoming).
DK |
