Drinks Americas Holdings, Ltd. (DKAM)

[di4]

Warren Buffet talks about the manic-depressive Mr. Market who will be wildly over excited one day and deeply depressed the next.

In the book The Winning Investment Habits of Warren Buffett and George Soros, by Mark Tier, it says "you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his. Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market's quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he falls euphoric and can see only the favorable factors affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest to him. Mr. Market has another endearing characteristic: He doesn't mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly your option. Under these conditions, the more manic-depressive his behavior, the better for you."

Actually, that is investment advice that Warren Buffet received from his friend and teacher Benjamin Graham. So, if it's good enough for Mr. Buffett to take to heart, it's good enough for me--- I just thought I'd share that as that is what helps me to rest easy on the red days. Hope some of you find peace in it as well :)