Originally Posted by
Big Ben
John...few things...as for his money in siri...I was just messing with his new tag line. Where is siri money? Just a joke.
As for your idea about buying back in on a stock that has run up, you don't ever count the money you missed, definitely not a loss. I have issue with your logic. Show me an example of a missed gain on good company that you would be willing to hold long term. This idea of grabbing every single penny on the way up and counting any penny not grabbed as a loss is nutty. Example siri is .45 and it runs up to .55..if I sold my shares my entire position of siri at .45(purchased at .38), I have missed nothing. If you analyze your trades like this you will be on the wrong side of every trade every time. As for your idea of a stock running up and never looking back, I equate that to Mel ridding in naked on unicorn with a dividend on his back, not going to happen. If this 1% chance happens, who cares I can buy back in at .85 and ride it all the way to 2$....we all know that is right around the bend, lol :-{ If you believe in siri long term then who cares, getting in and out and recouping you losses from last year is best play on this stock, not buying and holding.
Always remember Mel, our CEO, knew we were heading into the abyss last year and he could have warned us the next few months would be rocky, not Mel...he said bk was off the table..big fin lie. If he would have be a little bit more forthright, we would have sold our shares anywhere from 1.6-1.4. We got smoked its that simple, Mel took our money.