No. of Recommendations: 13
"On the one hand, I feel a little chastised for being one of those silly folks who try to trade in and out. Like most folks I don't think I'm dumber than average, but surely about half the population thinking that has to be wrong, and I may well be one of them.
On the other hand, the price I got in pre market was well off the top of that chart, so I may be dumb, but I'm happy : )
Valuation sure do change. Since I bought that share last Oct 27, known book per share is up 4.4% and price/book ratio is up 25.9% from 1.334 to 1.680.
Consequently I doubt we have seen the end of price fluctuations. I imagine the stock will be cheaper than this again some day and I'll increase my position once again. It's a calculated gamble that the stock price return from now till then will be either negative or low enough that I won't miss it."
Well here's the thing, you seem pretty good at it so why stop? I know many private investors that are really good traders that have a feel for these kind of things and can do it effectively. I'm just not one of them. I'm the kind that needs a daily reminder not to do something stupid:-). And it's wife that usually serves up that reminder......
