It's apparent from these message boards that most of you know "stuff" about the stock market, fiber optic cable and Tycom. Sadly, I am not in that category. However, we did buy Tycom as an IPO at around $36 and have watched our investment plummet. We bought, because our daughter works for Tyco and we have so much faith in her success, we just KNEW that this would be a "winner". Except, we probably should have bought the Tyco instead. When we look at earnings and figures, we do not see a reason for this big drop in our Tycom stick. Have no idea how to predict if we should cut our losses or keep it. Any advice for an acknowledged dummy ????
Patience, Patience, Patience..... I own both TYC and TCM. I'd have to agree that TYC is the better investment from a stability point of view. TYC is a big company and it's very solidly run. I think that almost every investor has a good reason to own TYC. I have a pretty good chunk. Now, TCM will definitely be more volatile, but it has the potential to post better gains.... (Remember, I said potential). I wanted in during the IPO, but after watching several IPOs jump on the first few days or weeks and then retreat to lower levels, I waited. Then all the telecoms took the big digger last fall. I've been doubling down as the share price has been falling. I missed my opportunity to buy in below 10, but I'm not going to miss it the next time (if it happens). I'm very patient and I've been very well rewarded several times over for that patience. As most of us know telecom will inevitably come back.... everyone uses a cell phone, we all surf the web, we all want (some lucky ones have) broadband connections. Telecom is going through a consolidation.... yep, some telecoms are being left in the dust..... but the remaining companies will emerge with a greater market share. With the dedication TYC and Dennis Koz has for the optic network and cable laying business TCM will be well funded, and will succeed. But we have to patient, and let this telecom fallout run it's course. I'm surely patient enough to sit on my TCM for a while and I'm doubling down when it get's below 10. In addition, I'd pick up TYC if you can get it below $50, which looks like a pretty good deal nowadays. TYC had treaded water very well indeed during this market slide and I think that if the market can make a little forward progress TYC will move upward nicely.PK
Thank You, Thank You ...... I suppose you are buying some more TCM now ??? I'm tempted but since we have been picking the wrong stocks for 2 years already, we're too poor to risk any more. We'll hang on to the TCM we have though, it's already a fourth of what we paid for it so not much more to lose there. Good Luck ......
OK, just to explain my position and what I think..... I've just doubled down below $10. I like the stock and I can afford the risk. I like Koz and someday telecom will come back. I'm very well diversified and I'm sitting on a pile of cash made back before the market slid. I always remember that millionaires are made by people buying when others can't. So I'm willing to double down in hopes of a good LTBH investment. I'll double down again at 5..... if it gets there (Hopefully).PK
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