Never thought I would see Stocks and Good4You crossing hairsIt's an open market. Do whatever works for you and do it well.
Good4You. I have flipped. I like instant profit. Little things like BTO @ 1.30 and selling at 1.34 but for thousands of shares. Sometimes twice in a day. So two of those a week were fine in my book. My last buy of BTO was between high 80's to high 90's. I sold that batch for 1.13-1.14. Nice profit. However it is now over 4.00 so if I had simply bought at that fire sale and sat on it for eight months as you proposed I would be very very happy and well over my target. Lesson learned the hard way but the market last year was really heading down not up so the yo yo trades are how I made my target. It's the market I stepped into as a newbie and it is the only game that worked for me at the time.
My target is the same as yours. I got into this thinking if I doubled an intial 10,000 investment every year in seven years I would be very happy (do the math). Now with a bull market it's on track to be much better than 100%. What is hard is watching a stock go down and all that profit (as in the money between 20 and 30 cents) being taken off the table but that is a flip mentality. I am holding. Holding HPQ as well as other stocks that are doing well. However holding means I do not have cash on hand so I cannot take advantage of this pull back. Stocks apparently can.
If Stocks is right as to where this is heading todays price means nothing. I won't begrudge him for having cash on hand to load up even more and smiling as he does it.
Still it is not enjoyable to watch but maybe we don't need to watch all day long every day as I had to last year in order to make a buck. In fact I didn't even look at HPQ today until after 7 PM. It's kind of a nice feeling.
As you say GLTA. We are invested in a great company and there will be ups and downs but it's mostly up.