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Novation Companies, Inc. Message Board

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  • yando1946 yando1946 Feb 9, 2005 10:36 AM Flag

    LEND and NEW up today

    Your loss of $60,000 is just paper loss unless you were stupid enough to sell right now or forced to because of a need for cash immediately.

    Look at the history of up and down. This is suddenly a terrific buying opportunity just like it was last April--the only question is what the bottom point is before it starts winding its way back up to the $40-$50 mark with return of 10 to 13%. Waitng too long for a bottom may be a miss on buying what is now a 16% return.

    If you are genuinely long--and I am ---the worse that happens is when the next dividend comes and the drip buys you get more hsares. I'm in for the income and there is no sign that it is going to relly be seriously challenged more than a per cent or two temporarily.

    So the shorts can have their day if they time it right--but the longs will do just fine if they hang in long.