1. Superb point in a way. These kinds of stocks can be extremely hard to sell in a down-draft other than possibly in dribs and drabs. If hypothetically speaking several people were to try simultaneously to sell all their holdings, even if the holdings were relatively small, the prices might plummet frighteningly.
2. If one has one’s money management down right one does not want or need to sell these things. One has the proper sum allocated to them. Rightly or wrongly (I personally believe the former) Spock’s subscribers will tend to believe that they should just sit tight with these holdings even if, contrary to expectations, the quoted prices decline precipitously. They would even after an unanticipated horrible decline come back to life and then maybe a lot more. If they don’t, they don’t and one has not allocated too much to these things.
3. These things can also be hard to buy if there’s a turn in the market.
Right now, I don’t believe it is rational to sell them unless one has to for other reasons. On a price measure, there is no reason to believe they are overvalued. Their stories have just begun for the most part, using NXS as just one example.
good luck trying to sell them flat..
1. Superb point in a way. These kinds of stocks can be extremely hard to sell in a down-draft other than possibly in dribs and drabs. If hypothetically speaking several people were to try simultaneously to sell all their holdings, even if the holdings were relatively small, the prices might plummet frighteningly.
2. If one has one’s money management down right one does not want or need to sell these things. One has the proper sum allocated to them. Rightly or wrongly (I personally believe the former) Spock’s subscribers will tend to believe that they should just sit tight with these holdings even if, contrary to expectations, the quoted prices decline precipitously. They would even after an unanticipated horrible decline come back to life and then maybe a lot more. If they don’t, they don’t and one has not allocated too much to these things.
3. These things can also be hard to buy if there’s a turn in the market.
I don’t want to sell them ! These are holds for many of us.
Right now, I don’t believe it is rational to sell them unless one has to for other reasons. On a price measure, there is no reason to believe they are overvalued. Their stories have just begun for the most part, using NXS as just one example.
The day is still not over, and the week ahead is still to come on the road to perdition.