I have a good feeling about this, page-217

Its not a crime to buy and sell. That's what the stockmarket is there for. If you decide the shares are overpriced at one level, and sell them, and then decide hours , days or months later, the shares offer value and buy them either at a lower or higher price. That's the market. Get use it, otherwise go buy a managed fund, or shares in argo, if you want stability and not volatility. Ton is in the spec aspect of the market. Its extremely hard to put a value on the shares, because you cant use PE's, and other ratios to value the shares . You have to come up with enterprise value + cash backing. Everybodies enterprise value is different, some people are really bullish, others not, others are bearish.