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Wednesday, July 07, 2010 4:51:51 PM
In a restuarant,(a) you can get up and leave choosing to eat elsewhere, (b)you can wait it out until you get your meal, hoping that the wait was worth it and enjoy your meal or(c) you can sit there for hours complaining to every customer that will listen that the service stinks.
Options a and b give you an opportunity to gain something. Either, getting a meal to satisfy your hunger quickly or (b) eventually getting your meal and enjoying it or perhaps not enjoying it. You won't know if it's worth wait until you taste it. Option c does nothing to satisfy your hunger or the enjoyment of the meal that is late in comming. It only allows you to vent your displeasure and ultimately to tarnish your dining experience no matter how good the meal is when served.
I have gone to many restuarant's where I have waited longer than I was told to be seated, sat longer than expected to place my order and longer than expected to receive my order. Sometimes it was worth the wait, others it wasn't. When it wasn't worth the wait, I chalked it up to experience and didn't go back nor recommend the establishment to others. What I didn't do is go back every day, stand out front and tell everyone of my poor experience. Why? Because it gained me nothing.
It's no different with a stock like this. You can choose to sell, thereby gaining nothing, wait it out and hope it was worth waiting for or incessantly complain about timelines which does nothing to increase the value of the stock nor your experience. If this doesn't end well for me. I will move on a little wiser. If it does work out than I will walk away satisfied and wealthier.
Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.
Will Rodgers
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