what prompts someone (like me) to keep holding a name that only causes him pain and agony for two years straight? I must be suffering some kind of psychological disorder. Probably a name for it even...
I know how you feel. I dumped my shares before earnings at what turned out to be prematurely. However, the stock is now well below that number.
Even though I no longer have a vested stake, it still makes me sick to see this level of manipulation. The trailing PE is 8.37 and the forward PE is 6.08. And this company is a major player in a rapidly growing market.
I've been thinking about getting back in, but not until I see the shorts throttle back.
I bought more at 25
I bought more at 22
I never thought it would go under 19-20 and bought more
It went to 7 or 8 or somesuch at one point
I've repeated the process since then a few times at lower points.
Like swingtrader said to someone else, take a look at the two year chart or longer and your confidence in just buying more at every turn will dwindle.
Here is new news from Italy
Many in the same boat; when they finally get to us and we sell out of absolute disgust like weak sisters, that's when it will go up. What the hell, I've waited this long, I'm not going anywhere....what will be, will be.
I congratulate you on your short bet in this latest downdraft. I sold over 18, but couldn't stay out for long and was back in looking for the stock to go back over 20. With oil flying there was enough hope that I didn't want to sell and wasn't close to brave enough to short. Just can't call this thing right at all. :-(