RE: RE: RE: RE: RE: Exposed Geez, we are getting younger and younger here. It's getting to be like a investor kindergarten! LOL. As it turns out I'm the only self confessed "old man" at 65.
Anyway, you guys bring up some interesting points.
The first one is once you try investing and can make a living out of it you'll never go back to a 9 to 5 job. Trust me I know. I have two friends who are investing professionally for 10 and 20 years respectively have not even talked about "work". They are both relatively young professionals - one a Chartered Accountant and the other an electrical engineer (an IT professional actually). They are obviously very successful in what they do.
The other point is if the two (or one) suspected posters bring up anything of value. I actually have to agree that they did. It gave us a good summary of the potential pitfalls of PSN. Do we know them? Of course I do. I might be born at night but not last night. The stock market nowadays is so volatile you have to be mindful of all potential dangers. I just hate what they do and hate their intent to get us to sell in panic for thier own gains.
Personally I sold off half of my PSN holding sometime ago when it was in the $16 range. That for me accomplished two things. I scaled down my overblown holding in PSN, as it was close to 45% of my portfolio. On top of that I pulled out my entire invested capital in PSN (plus a health profit margin) and let the rest of the profit ride for the long haul. There is nothing better than investing "free money", eh!
I was not selling half of my PSN due to panic but I find other better opportunities that can potentially give me a 100% return on my investment. With PSN at $16 I guess it could top out at perhaps $20 - or a 25% upside. I don't fall in love with stocks. I took a chance on the switch and just hope things work out at the end.
Cheers my "young friends".