from the camp porch of charliss dolge:
<found this interesting interview with bruce claflin, pres. and coo of
coms...>
" It's
a continual process and we are moving too fast to have the luxury of
standing still. OK, so the share price is down, but you've got to
remember something is only worth as much as someone is prepared
to pay for it, and, as we're not for sale, I don't regard the pressure
as coming from outside."
and.....
"We are not a takeover target. The press and others are
always speculating about this. Where I come from they call it
bullshit. There's nothing to it at all. We are not for sale in whole
or in part. We are not engaged in any discussions. Some
competitors plot and procreate these stories for their own
benefit and try to manipulate stock prices and the market. There
are a lot of mischievous persons about doing this sort of thing.
Don't you think that someone, somewhere, is making money
from that?"
<...your thoughts?? >
From the horse's mouth, it would seem.
I have already moved 75% out of COMS. This way I can maintain my position here and still continue more effectively as a short term trader. Of course, I will try to stay as alert as possible, and even then I could be fooled(a sudden announcement).
Currently, besides the COMS, I own CS(my largest position)and SKYT.
Everyone has different circumstances and goals, and so the trading decision which makes sense for one's particular individuality may be wrong for another's. I think, however, that what we share here on this thread is the desire to succeed as whatever kind of trader we may be, an intention to share intelligent and accurate information, and a sincerity in sharing our experience, and individuality. Often it is said that this is a powerful thread, and I think it is these things that make it so. Complementarity in any relationship, especially in a group such as this, makes for unusual power. Rather than force, pretense, or wishful thinking- which are not real power- complementarity makes for completion, for synergy, and there can be real excitement in this.
When I first made the decision to retire from my former work and go into trading full time, I had a realistic amount of fear and uncertainty about my ability to succeed at it. The fear was not of the market, but of myself, for by this time in my life I had a fair amount of self knowledge, gladly about my character strengths and assets, but also about my shortcomings and weaknesses- which is why I termed my initial fear and uncertainty as "realistic."
As a learning experience that requires that I meet up with and learn from the right people( and this includes you and the thread founder and everyone else), trading for a living has taught me as much about myself as it has about money, stocks, and the market. Truly, I don't fear the market, the economy, the global situation, political instabilities, or whatever. It is myself that I must watch out for- ways of thinking and feeling that might cause minor disruptions elsewhere in my life, but which can spell disaster in trading, which is now my work life.
During my former work life, I had some long term investments which I used as a beginning for my new work. Some I sold completely, others I took profits from, and others I used as security(I had done well with Lucent-as-spinoff, Whole Food Markets, Ann Taylor, Safeway, Cisco) Beginning as a day trader and swing trader, I learned some hard lessons and more than once had to work myself back up again from what for me were big losses. It is interesting that, even though I am a more active trader, and far more successful now a few years later, I am now much more conservative and cautious with my capital and with my gains.
Sometimes "conservative" means for me cutting losses quickly, or getting out of positions where I think my money is dead, or choosing moderate gains(consistently and frequently) over the possibility of larger gains(staying in longer). This usually works for me, although there have been a number of instances where I could have profited more had I acted differently.
I truly enjoy trading. I also really enjoy our communications here, for otherwise it could be a lonely way to make a living, and certainly one where education would be much harder to come by. While I am not rich by most standards of monetary wealth, I do quite well- well enough to maintain my independence as a single woman and to pursue the interests I enjoy committing myself to, and well enough to still experience excitement about my work. I would like to think that I am able to continue developing and refining the skill and art this work requires, for I would like to become better at it.
Sheesh! Talk about OT! You ask for the time, so to speak, and I go off on how to make a watch......Well, I think it's good to sometimes share these things of a more personal and human nature so that we become more real and alive for each other...
And what a lovely day- such great weather....such a verge for summer....
All be well, and happy to be so....:-)
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