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Re: Joe1979 post# 40689

Wednesday, 06/22/2011 3:06:54 AM

Wednesday, June 22, 2011 3:06:54 AM

Post# of 98509
Well, I suppose that is where we differ. I believe you should take profits when the market turns around and then buy back more when it finds support and goes back up again. You apparently believe in buying and sitting on it until whenever. I used to do that, and it was never a good idea once I did the math. So, if you believe in it long term and it does not bother you to see the price drop by 50% or more from its recent high price then, if your happy, that's fine. That would bug the dickens out of me however, knowing that I knew I should sell and did not act on it and also knowing I could always buy it back if I was wrong. But, if I was right, I would be banking that 50% that I would have lost until the market rose back up to that price once more. That is why I won't buy now. I know the price is going lower and I'll be able to buy more when it finally finds support.