the fact that you continue to hold and even buy when you recognize the possibility of going sub $ 2.00 , just amazes me
For a long time I have followed the mantra of hold gainers and sell losers. That way, your portfolio only contains gaining stocks. It goes against what feels good (ie. taking profits) but is a strategy that works well over a long period of time. It takes a lot of discipline to admit mistake and sell losers, most of my sales are actually of losing positions! But holding a portfolio of gainers is very sweet. Eg. I bought in to AHF just after it listed a few weeks ago, its not for sale. Up 65% and very well bid.
I have bought and sold FMG countless times over the last ten years, with a holding cost of way below zero. So holding or even buying on the way down has not been a losing proposition for me. The HC sentiment and position question asks what MY position is, it does not ask what I think others should do. Like everyone, I'm bound to declare my position. I have no plans to sell any more, and may buy from time to time. I remain positive and not the least bit concerned about the company's welfare.
I doubt it will go below $2, but it has been as low as $1.17 in 2008. So it could happen. I would still be unfazed.
FMG Price at posting:
$2.74 Sentiment: Buy Disclosure: Held
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