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Friday, June 17, 2011 5:06:54 PM
If you are long and are going to stay long take a vacation and come back in a month or two. The volatility really doesn't mean much in the long term. A year from now volatility will be insignificant and your $1-2Mil will most likely become $10Mil plus. How much is enough? If you a daily fretter then I can see why you don't like daily uncertainty.
If you are short then of course you have high liability and might not be as comfortable with volatility. But you are a pessimist looking for a reward on bad things happening to good people.
But, if you are a day trader wow what a ride. Watching this is better than a front row seat at the rodeo. Notice today that someone flipped 20K-40K of stock with a good profit. In a stock lightly traded like BORK many times the day trader is going to "make the market". IMO this is really OK because a week, a month, or a year from now I expect this stock to be worth a lot more than it is now. The day trader is really doing the other investors a service. The weak in spirit sell to the day trader and the strong buy. We end up with a stronger base and the weak are broke and gone. Picking up another $50-$100K on a daily basis is really OK! For those who really don't believe this is good investment, I will await your weak selling and buy when the other weak investors climb on your wagon. Stock trading is just that - trading stocks to make money. When you start to get emotional about it that is generally not a good sign of a successful trader. If the day traders were not involved the long termers wouldn't get the chance to buy more on the dips. In addition, the day trader is great for flushing out the shorts. The shorts are IMO the greatest threat to a company. They can drive the stock and the company into the ground just to make money. So, volatility can be good and day traders can be an excellent pesticide for the shorts. JMHO.
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