And I have to tell you there were many days I felt foolish holding on when the stock was around $3, but I believed AMD would make a good recovery in line with the next semiconductor upturn.
I hear you there. Not so much with AMD but an electronic component stock I bought at the height of its last cycle. Still waiting for the upcycle there, though the semi upturn bodes well for it. It taught me alot about cyclical patterns. Had I not suffered through that, I probably would not have gone as strongly into AMD as I did.
I think a good strategy is buy, buy, buy when there is lots of doom and gloom on the boards as long as you believe in a recovery, and sell, sell, sell when the biggest bears give in and go bullish. So the bears do serve some purpose here. :)
There's alot of truth to this. The key is to be sure that a recovery will happen. As long as you are confident the company will still be around offering competitive products when the next cylical upswing happens, then you can safely buy cheap from the short-termers.
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