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Goes to show that even a co on their knees or rather the bare...

  1. 396 Posts.
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    Goes to show that even a co on their knees or rather the bare bones of their knees can turn the corner.

    A couple of points of difference before the recovery. Significant change in management, reverse t/o, consolidation.

    We aren't at that point...yet...

    Long suffering holders bore the brunt of the carnage but for me that experience reaffirmed how patience (a lot of, even years) can see your holding recover somewhat. I was deep in the red on that one for quite awhile.

    Of course there are times when it doesn't go so well. That goes without saying. But personally I have found that patience is the most valuable trading tool I could ever have. It doesn't guarantee I'll always be a winner or that I'll never get frustrated but I prefer it over making rash decisions I'd later regret.

    I always ask myself whether a stock is really performing badly or does it seem that way in the context of a particular expectation or strategy that I have.

    Anyway, this outlook works for me and has served me well. It's why I'm sticking with ICG.
 
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