Saturday, March 06, 2004 9:56:31 AM
I assuredly do not have the answer to your question. There are many of us Longs who have well over 1Mil. shares and I would estimate that most average holdings are above $0.10/share, which infers we are down, and some quite sigificantly. However, a bottom does appear to be established at these levels.
Some people have bought a stock. Subsequently they seek to enter and exit; all along watching the pennies in either direction on an hour to hour basis.
On the other hand, as Retired has said, there are those of us who have bought a company. This creates a definitive and tangible shift in perception, driven by all together different motives. Simply put, those of us that are buyers of companies as opposed to stock traders view and react to things differently.
I learned long ago there are 3 kinds of people in this "Cause & Effect" world of ours as follows:
1.) those that watch thing happen
2.) those that make things happen and
3.) those that wonder what the f*#k happened
I choose to be on the side of making things happen. Thats why we take the initiative to write reporters about enemic reports on PaperClick or start message board forums to create a pooling of information and DD or send packets of information on NEOM to people like Chris Gessel, Editor in Chief of Investors Business Daily. There are countless other things you and I can do together to champion our cause, that we can not do alone. I hope this helps. All the Best, JP
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