marathonrunner wrote: I got out today too - after holding for 2.x years and losing big time :( Its hard to see a services company get back on its feet in this environment. Anyway, now that I'm out, I'm sure the stock will double in the next quarter or two ;-)Sorry to see you go. Still, if it will cause the pop like you say... ;) I too have been holding for years. In fact, I've been steadilly buying into the sliding price. I believe in the underlying fundamentals of the company, and I believe that IT consulting is still a tremendous growth industry.My dollar cost averaging has meant that my average cost basis fallen at pretty much the same rate as the overall stock price. At this point (February 15, 2001: current price $16.75) I'm just about at break-even so a double from here is still a double for me. I'll admit, I'm using the Employee Stock Purchase Plan, so I get a discount, with the added bonus that if the (eventual) bottom occurs near a purchase point, a full year's worth of investment will be at that point (I can go into further detail via email). With the stock price at $9.75 on December 31, 2000 I fully expect that the bottom has been met. PLEASE NOTE!!! I have been WAY wrong about this before (I recall saying, "There's no way the price will fall below $40... er $30... would you believe $20? Never mind").It also helps that I have a large chunk of stock in another company... one that has been doing well for the last 24 months. One of the tenants of Foolishness is "don't keep all your eggs in one basket." This helps one keep perspective during long-term slumps in a few of one's stocks.
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