We saw some silly and not very prudent selling today, as far as getting maximum value for your shares when you do sell, but honestly when you consider the volume it really was quite inconsequential. We here are a bunch of longs for the most part and a handful of the small fry such as myself equal all of todays action. I just cant see the desperate reason to hit the panic button, and consequently I myself grabbed some more cheepies IMO and averaged up a bit.
The first part of the news that hit last week was also the weakest link IMO. I have no idea what is coming out, but I am of total conviction that it will be beneficial to all shareholders, and my increasing position here since January proves it.
I've only been self investing for 2 years now but I have already found my side job and Hopefully a full time job in the future being as construction is catching up on me. I'm a hands on boss who wont ask anyone to do something if I'm not up there doing it with them. I have had to scale back but I have survived in this recession where alot, and I mean, alot, of my friends, competitors, and general contractors have not. I merely mention this to say that patience and perservernce wins the day, and an investment here is like many other things in reality - there will be good and bad days, you will make and lose money, and the real key to success IMO is having a strong game plan, sticking to it no matter what, and having the stones to realize that many small steps make a long journey.
Cheesy and simplistic? Perhaps. But is it the simple truth? Just ask yourself what has been your path to success if you have ever been a successful exec, a successful mate, a loving parent, a business owner or any of the other myriad ventures out there to experience.
Holding long and strong here without any of the personal turmoils some here seem to experience daily, relax a little! Make a decision and stick to it or else move on and forget about it! It hurts me a bit to see intelligent people infecting others with their own inner fears when really that is just mental masturbation, and of little value to anyone, including the source.
malc stone.
