Good morning Jim46. Some good patent news this morning. I don't think it is going to move the needle much in the near future. I am waiting as well. I traded my full compliment of trade shares in the 7's and was hoping we would go as low as the 4's to get back in. The pattern on this stock has been so predictable.
I don't do any investing or make any recommendations for anyone, including family. "Why didn't you tell me about that stock?", they will ask.
"You mean the one that I lost 80k on?", I will reply.
"Oh. Never mind."
Trying to explain finite metrics, swing trading, P/E ratios, dividends and the indexing of mutual funds to someone that just heard you're a successful investor/trader can be tedious. And then you mention bonds and they say, "I have one of those. My grandfather gave it to me when I graduated". Or, "You can't make any real money on bonds. Can you?"
Depends. Real estate bonds the last four years have performed extremely well and REITs have brought a 13-18% ROI.
Everyone is looking for the quick hit. Looking for the unicorn in the forest when there are 20 deer that will feed the family for months. I also never felt that prayer was a viable investment/trading strategy.
I believe in the science here and think within the next year or two there will be some good things happening. Patience. I think it was Sun Tzu who said in the Art Of War:
"A man who masters patience, masters everything else".
Have a great day. I've got to hustle over to the school. Optional 5 mile team run today before it gets too hot. Have a great day.
Cheers,
Coach