Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
brewer12345 said:Actually, you are doing great. Make your own decision, ignore all the negative swirl, hold your nose and buy what you believe is a fundamentally sound equity, and hang on until the negativity dissipates and the market comes back to the name you bought. That is what you and I did with Intel. Hopefully it continues to work out.
I just bought a little ABX today mostly based on the fact that it is at multi-year lows, appears to be in one piece, and is the lowest cost producer. There is clearly downside risk, but it seems to me that people are awfully pessimistic.
I hope to watch it slowly go up, and pat myself on the back for a good call, but never sell and just keep collecting the dividends. I can stomach watching 10k drop to 6k. But I do not think I am mentally tough enough to watch 100k sink to 60k.