Thursday, November 17, 2011 1:08:24 PM
Think you're a fool? Just as no one is successful until he sells for a profit, no one is foolish until he sells for a loss. I would ride it out if I were you. More than once I had it in mind to hold a stock for a few days or weeks, only to see them tank to a presumed 98+% loss. Not only was I seeing their respective worth at pennies on the dollar, I was literally seeing nothing but pennies in their values. Still, I held out, ignorant as I felt.
It took between nine and thirteen months for each of them to stabilize and regain value, but I sold both for a slim profit in due course. And as for experts at this game, there are none this side of heaven, nor will there ever be.
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