OTCQX:PALAF - Post by User
Comment by
PUNJABIon Apr 29, 2013 2:19pm
135 Views
Post# 21314885
RE: RE: RE: RE: just got my 100K shares
RE: RE: RE: RE: just got my 100K shares You have lot of courage & patience to have such a huge exposure to a sector which is in doldrums. If you wait long enough then chances are that things will work out. The sector has been beaten up & there is lot of value for medium to long term investors. You make your call invest & wait till you hit it out of the park. I consider your approach as wealth accumulation. This requires strong belief, commitment & patience. I find your position risky & not properly diversified for me. I guess no risk no reward..
With the dot com bubble & computer program trading more & more investors are becoming traders & short term investors more investors are losing the patience to wait out.
For years I have been trying to figure out if buy & hold or trading & short term approach is better. With sort term approach you pay huge amount of commissions & profit spreads are small. Trading & short term approach works for declining or range bound sectors / stocks. No question about it. But if you want to accumulate wealth & you are not invested in a declining sector / stocks then short term trading is not the best approach. Then buy & hold is the solution. With trading you are missing the gaps in prices & sometimes end up chasing the stock at higher prices with huge trading commissions even with $7 flat.
A time will come when U308 price will rebound & lot of money will be made by people who positioned them at the right time. Japan could be a trigger. So far I do not see an evidence of improvement in the sector & I do not have the courage & patience & will wait for some proof of possible reversal. In the meantime I trade only & wait for buy & hold situation to develop.
There is no good or bad approach the best approach is the one which works for you. Both have merits & work well in certain situations.