To: BirdDog who wrote (7269 ) 3/23/2001 7:29:50 PM From: Crystal ball Read Replies (1) | Respond to WHY I WON'T SELL UNTIL AT LEAST $45: NTAP closed at $21.13, I bought a block (10,000) at 20.50 missed the 20.25 low, and also bought 5000 at 20.75, so I made, ummm 6300+1900 or $8,200, if I sold at the close. But my formula is simple: I BUY BIG, and NEVER SELL UNTIL THE PRICE DOUBLES, then I only MAY sell half, so the other half is FREE MONEY and the rest is OFF THE TABLE. I won't sell these until NTAP goes over $45, so instead of the $8200, I will instead make 245,000+121,250 or $366,250. The question you probably have is WHEN WHEN WHEN. Well a difference of $366K versus $8K on 308750 principle is a ROI of 118.62% versus 2.65%. HOW LONG OR HOW MANY TIMES would you have to make a quick profit of 8200 to equal the return on investment ROI of $366K, well thats 118.62% divided by 2.65%.....44 years 9 months....I would rather wait a whole year to make 118% instead of 44.75 years to make multiple 2-3% moves. This is why this bear market will end soon. The SMART MONEY HAS STOPPED SELLING. The market is way oversold, and selling into any strength of any small rally is hurting the REWARDS that are to be had by waiting and holding, and like I do, at least hold as a unbroken rule until you double, and get your original investment back FREE and CLEAR and then TAKE YOUR MONEY OFF THE TABLE, and thats at that point 100% return on your investment GUARANTEED, and ZERO CHANCE OF A LOSS, since even if you lost the other half, that you left on the table, IT WAS FREE, that ZERO LOSS. Can't beat this formula. Down markets, bear markets they are just FOOD FOR US BULLS, so we BUY. I am buying NTAP just because it will grow faster, I do not like waiting a year, and never intend to wait 44 years like the rest of the 401K crowd that got cheated in this market, and are now in a panic at the bottom, the worst time to sell is now, but hey, if no one sells, then people like me can not come in and STEAL IT CHEAPER than usual.
