Iridium Communications Inc. (IRDM)

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It absolutely makes no sense. It has a negative momentum. Every little thing is an issue with it. Positive news just barely has a good impact on the price, and negative news or just neutral news has a negative impact on the stock price. This kind of negativity towards a stock can go on for a long time, years, in some cases. I bought my first shares a while back and since then I have added by selling short puts that were exercised. I should have waited a couple of years, but back the it looked prime for a turn around. I guess, I will just hold for now. A turn around has to be in the offing. I have missed some major moves in the past by selling just ahead of the change in momentum. With this one I am just going to hold. Once a change in direction takes place and the attitude towards the stock changes, it will move big time.

I had an acquaintance years ago that held a stock for nearly five years, then sold out of desperation. If he had held a few months longer, he would have experienced one of the biggest runs ever. Five years later, before it was taken over, it was selling for well over a hundred.

And, of course, we can look at charts and see how many times it has happened in the past--thousands of time. I guess I just sit on this one, and wait for the turn around.