RE:RE:individualizing, internalizing
Thanks Dogg, my best guess is a bottom at the end of December, the last days of tax loss selling, and I am building a cash stash to make some purchases of WELL at that time, or other stocks if there are better bargains. A more interesting question is how much lower a share price can I tolerate, I am quite prepared to ride this down to book value or even lower than $3.00, and those kinds of price ranges are quite possible in my view. Comments on this board and other boards for other stocks have people in a complete panick. I always assume that I will be riding 50 per cent draw downs from time to time in all my investments. The first time it happened to me years ago, of course I was beating myself up, why didn't I sell at the top etc. These days I accept the volatility of the market and try to use it to my advantage. If Mr. Market comes knocking at my door suggesting I sell at a low price I will politely ignore him. I will wait for the day when this manic depressive, Mr. Market, comes knocking at my door for a price that seems wildly excessive given its future prospects and revenues. That day will come, but it certainly is not today.