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Technology Stocks : Wind River going up, up, up!

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To: bob who wrote (4678)4/7/1999 12:52:00 PM
From: Bargain Hunter  Read Replies (2) of 10309
 
I only wish more people felt the same way. (sigh). Down we go... again.

But that's good news. Means you can buy it cheaper. If you firmly believe in the future of this company, and have a long term outlook, the more the price goes down the more you can afford to buy. Yes, you can reflect on how much less you could have paid today if you hadn't bought last week, or last month, or whenever. But there is no point in buying stocks unless you are future oriented, so concentrate on what you think the stock will be worth in the future. If today's price promises a good return, buy, unless you have a very good crystal ball. Better to pay a little more than the bottom than to miss the opportunity completely. But of course you have to do your DD and decide what you think the company is worth to you. Don't buy it just because it is cheaper than it was, or because other people (like me) think it will go up. I'm not going to disclose my reasoning for why I chose this price point; partly because I want to encourage everyone to work out their own number, and partly because I believe in those two critical rules in investing (Rule 1: don't tell everything you know). When this thing starts to go up again, there will be a lot of people trying to jump back in. I have no idea how easy it will be to time a re-entry at that point or when it will occur. I just have confidence that my entry point this morning will look very good sometime within the next two years.
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