The Buys and the Sells, page-57

Chochom,

Just a word of caution. This drop will have unnerved quite a few and the volatility could still be with us for some time I would imagine.

The person who was selling 189,000 shares at 3.27 is the perfect example of how a falling share price can quickly change ones thinking. He is no longer the owner of that stock. He has made his decision and now lives with it.

Nothing has changed in the LNG story from when they were jumping over themselves wanting to buy at 4.45 a few weeks back.
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But there would have been plenty selling their stock over the past few days at much lower prices simply because of the fear factor.

And plenty would now be sitting in front of their computers wishing they had sold at the higher prices. If only I had my time all over again, I could have sold and bought back today at 3.00 per share. One million were let go this morning at 3.00 and below. Imagine that. If only, if only. I imagine there would be plenty of if only's right now.

I would love to declare that this is the bottom, but honesty prevents me from doing so.

And nobody could honestly put their hand on the bible and say this is infact the bottom, although we would all love to believe it.

My hope is that we have seen enough stupidity, but so many things determine share prices which we have no control over. This has been made very clear in the past 72 hours of craziness.

Perhaps saying a few prayers before hopping into bed might prove to be worthwhile.

Cheers.