First, any purchase in the low thirties at the time when others were selling was good.
Two, profits on paper do not buy things. Only liquidated shares do.
Three, I always maintain a cash reserve in excess of the purchase price of a car. I never allow my household needs to exceed my cash on hand, thereby disrupting my share position or forcing me to liquidate.
Four, end of discussion.
Indeed, I am looking to buy again at these low prices, not having sold any shares at all on the last run up. I will again dip into my evergreen cash reserve account which I keep filling up every month from my secure cash flow
The recent drop scares many, but not me, for I have been up and down with this stock for years (Oct 1 2003). In that period of time I haven't sold more than about 10000 shares, which is a fraction of my holdings. Paper losses and alternative costs have taken their toll, but there are no other longs as long as I who have sold so little of the shares.
I have not been whiplashed following the minute by minute moves on the tape. I have held and have been as steady as a rock, contrary to any contrary claims. Have the scars and the paperwork to prove it.
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