Without any news I wish I could say the stock won'
Post# of 15624
(Total Views: 807)
Posted On: 08/30/2017 1:18:36 PM
Without any news I wish I could say the stock won't go below some fixed point, but I cannot. I doubled my position yesterday because I wanted to lower my average, and be prepared for when news comes in. If the stock goes significantly lower with no news, I just might do it again.
I believe that what's important is being in the stock when the good news investors feel confident of comes in. I can't tell you if it will be in September, or later in the year. It's not absolutely certain it will be this year, as nothing is absolute, but I like the chances that it will be.
I'm reminded of Will Rodger's advice on stock. His first rule was "Buy good stock", if it went up, good, if it went down, better, buy more. Remember the first rule. Most of us here are convinced that we have found a good stock, it's just a matter of time until we should be well rewarded.
Gary
I believe that what's important is being in the stock when the good news investors feel confident of comes in. I can't tell you if it will be in September, or later in the year. It's not absolutely certain it will be this year, as nothing is absolute, but I like the chances that it will be.
I'm reminded of Will Rodger's advice on stock. His first rule was "Buy good stock", if it went up, good, if it went down, better, buy more. Remember the first rule. Most of us here are convinced that we have found a good stock, it's just a matter of time until we should be well rewarded.
Gary
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