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Motley Fool Hidden Gems / HGS: CNS


Subject:  Re: time to take some short term perspective Date:  2/19/2004  6:24 AM
Author:  offramp Number:  222 of 766

Tom -

So, who cares about the market in a one-month span? Aren't we supposed to ignore the short term, and focus on the long run?

That's why it takes me so long to choose stocks. I avoid the ones that will keep me awake at night. On the same note, when I buy a stock and it proceeds to drop 20% after my purchase, I focus on the long-term. As long as nothing bad has happened to the business fundamentals, I'm prepared to ride the small-cap rollercoaster.

This, in turn, created several days of opportunity in early Feb (limited funds for investing prevented me from adding to my stake ... my personal lesson).

That was a personal lesson of mine too. I've since had the strategy of keeping a decent cash position reserved for special buying situations. And it doesn't bother me if I'm earning little or no interest -- my patience tends to pay off.

I'm not expecting gigantic annual returns from CNXS, but I am expecting it to easily beat the market over the next three years. I like the non-controversial products they make, the possibility of new products, and the potential of being acquired; thus benefitting shareholders.

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