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Stocks Y / Yum! Brands, Inc.
|Subject: Re: YUM takes a drubbing:-(||Date: 12/1/2012 7:47 PM|
|Author: haywool||Number: 706 of 712|
Hey Harry !
I know we invest for the long term, but a 10% drubbing in one day is a bit worrisome.
Anyone care to comment?
Yeah, I'll comment a little. In my experience, I'm not a "professional trader", the daily gyrations provided by Mr Market are to be mostly ignored. A 9.92% "drubbing" might seem like a lot today, but that $7.39 hit may very well be one of those "little daily blips" that we all hear about, and some of us have had the pleasure of knowing personally. Remember May 31 to Jun 1? That was an 8+% "drubbing". Roughly the same thing at roughly the same prices.
With the "fiscal cliff" highly anticipated, there will be a lot of volatility in the markets for some time to come. Just remember, if you can't sleep at night, perhaps you should be in a savings account or CD or something less traumatic. :-)
I'll call this another buying opportunity, thank you Mr Market.
Rich (haywool) loooong YUM (was up 100+% - now only 88+%) and holding
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