Warren Buffett once said that as an investor it is wise to be “Fearful when others are greedy and greedy when others are fearful.” When others are greedy, prices typically boil over, and one should be cautious lest they overpay for an asset which subsequently leads to anemic returns. When others are fearful, it may present a good value buying opportunity.
Good value buying opportunities presented themselves today. Maybe even better opportunities will present themselves next week too. If you have done your homework, have some experience in this end of the market and can display sometimes gut aching patience then you will see clearly through current sentiment here at WPI and act accordingly (hold or buy). If you are in the red I would suggest you re-visit why you bought when you bought and take this as a learning experience to improve your own investing skill. There is nobody to blame or flame but yourself. Be accountable. Lead more often than you follow and learn.
Have a great weekend guys and gals.
PS Nice entry today Doc and any others who were clever enough (IMO) to buy on a very nice dip today.
Many appreciate your posts and the effort that you put behind them. What people do with that info though is most certainly not a reflection of you..
Cheers,
Boomington Burst.
WPI Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held