At times it boggles my mind and sometimes it don't take an awful lot to do that, why some investors back out when things are not going so well. While today's volume is where I like to see it I am somewhat amazed as to who has any number of shares in FCO that they can afford to sell at a paltry 37 cents. I know the market itself is reaching downward to new lows again today and it must be that this, no doubt, that has some investors runing scared. My problem is that once one sells off, it is then that the losses truly become a reality. However, I take a little comfort in the fact, that whenever some investors sell off because of lack of confidence, confidence is again restored (as is today) when 1.3 million shares of FCO is snaped back up, at bargin basement prices, by those of us who refuse to be scared off when things look dismal. As for me I would not sell off for less than a buck-fifty, and only then to wait for a drop in SP at which time I would pick them back up again.
Don't mind my rantings, I'm just trying to breathe a little confidence back into FCO, at a time when things look like they are going a little rough. "FCO" is still a very good investment and time will prove us right. The only thing that has changed from when we first invested in FCO is the low SP. And that is a great buying opportunity. where we can pick up a few more shares (or a lot).
Cheers,
Brigand
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