RE:RE:RE:RE:RE:SELLING PRESSUREWarren Buffett, Peter Lynch, Joel Greenblatt, Phil Fisher, Benjamin Graham, and Mohnish Pabrai have all started that they are incapable of timing the short term variations of share prices, and they are also incapable of predicting broad shifts in the market like bull and bare markets..... All of these folks have also said they don't take any of it into account when investing, yet they all do and did well buying quality companies, and holding until when the company reached its potential (Greenblatt to a lesser degree)...... Who am I to fly in the opposite direction of these people? Pyrogenesis is a bargain, too me, under ten dollars easy... Hold and buy and hold and buy and hold and buy and get richer...... Good luck to those of you who have other plans and styles... Cheers!
sandysouci wrote: YUP, well said...
best time to cut back or sell is at peaks, and best time to buy or average down is during pullbacks...
seems obvious, but in real life, it's usually the exact OPPOSITE of what people actually do!...
and pullbacks like today's -- when the company itself comes out and officially states "all is on track, nothing bad going on behind the scenes" -- are usually the BEST and safest times to buy, imho...
PS: and good luck trying to figure out when the peaks are, while they're actually happening!
Edgetown1invest wrote: Cutting back to 5% would have made more sense when the price was over 6.00