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Author: seldom958 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 22  
Subject: Re: rant Date: 11/19/2007 8:23 PM
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Yes, I lost a little today too.

But, I bot because my "guru" said this today;

"Under the current circumstances, if you own a position in The9, you should continue to hold the stock for a few months until marketing expenses drop back to the norm and new products start to hit their full stride. At that point, we'll have a better idea if the company will regain its earnings momentum and become a real winner in our China Strategy portfolio.

I believe we'll be rewarded for our patience and those who were caught up in the panic selling on Friday will not turn a profit in this position or in many of their holdings. Too many investors let emotion and fear dominate their investment strategy, while we let the numbers and our first-hand knowledge of what's happening in China guide us."

I didn't own a position because I sold last August for an 18% gain in 8 months when the "guru" first said to hold.

Let's hope in a few months "we'll be rewarded for our patience."
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