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Biotech / Medical : VISX

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To: capitalistbeatnik who wrote (1043)4/13/1999 1:46:00 PM
From: Sun Tzu  Read Replies (1) of 1754
 
I did and I know. If you read my take on VISX on the Art of Investing thread back in November when I bought 4000 shares at the lows, then you know how much I value this company. At the time I also said that "there is a great chance that after (if?) VISX loses the UK court battle and Nidek comes to US, there will rumors by shorts and the stock may sell off. Use that opportunity to load up more". I don't mind a sell off at all; either it is justified, in which case after I do myown DD I get out, or it is not, in which case after I do myown DD I buy some more. Either way, why should we get worked up on it?

My point was (and is), that we should strive to create an environment in which a debate is welcomed, and guard against develpment of one sided threads. To be successful in the market, one should be emotionaly detached from his holdings. It is the facts and the market dynamics that decide the faith of your investment, not how strongly you feel about them.

regards,
Sun Tzu
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