Hi everyone:
"Turbulence, no matter how gentle, always unravel the calm water... and such is the reality of life. Waves, as well as calm water during non-turbulent day, are part of the ocean. Some may argue that even calm water have small waves... "
From dstand:
"The selling is coming from those who have been burned by the rises and falls of this stock in the past. Some are still thinking this is like last year. Runup to 8, fallback to 4, then slowly drift down to .77. We have all experienced the disappointment."
You hit it right on the nail, dstand! How many of us have vowed never to be in the same situation again last year when we were breathing underwater? The pain and the suffering were real. Many were burned and crashed. Some who stayed believe and keep the faith with a new resolution, not to be in the same place again. We are now at the juncture where some are making very difficult and critical decision.
"To sell or not to sell?"
From Johnny:
"I've got nervous at one time, but this is my 2 cents….. So, I've collected my initial investment back. I only sold 20% of my total. So, I'm still long. Don't attack me. <g>"
The above statement is very understandable. Johnny, relax! I know it is not easy to make that decision. The fact that you made it means you are simply following your own game plan to protect yourself. We also know you are risking the wealth of those 20% you sold. There is nothing wrong with practicing "To Each His Own" strategy.
We are all subject to risk everyday - In life and in investment. The only thing that matters most is that we face the consequence of our decision head on. With hindsight, some of us may regret not selling between 7 and 8. But remember, while we were at that price level, the decision not to sell was based on our game plan (or greed?) of selling at a much higher level. Since our game plan was not reached by market condition, we are now facing the consequence of that decision. How we deal with the consequence is purely a personal decision - and a tough one at that. The price decrease we are witnessing now is, IMHO, reflecting some of those decisions.
Again, stay "truth" to yourself.
The above is my opinion only.
Remember everyone,
To Each His Own
And
Prosperity to ALL!
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