Re: Death,taxes and WWF
in response to
by
posted on
Aug 18, 2009 02:15PM
Engineering, procurement, construction & management of crude oil refineries.
I just revisited my purchases of WWF. I was shocked to discover that my name was on all the calls! I must have decided to make these part of my part-fool-io!! Nobody twisted my arm. Nobody invaded my thinking. I chose to buy and sell these shares. Me!
Sure I'm waiting, like the rest of us, for the powers that be to permit us to trade again. My real portfolio, managed by professionals, was reduced by as much as 41% in March. It has come back nicely since then,with basically the same stocks in place. Money for all sorts of projects has been extremely difficult to raise. The fact that MF and the team has been able to sell the PP sucessfully in this market is one of the reasons I don't lose any sleep over my WWF shares. When the pros are saying, hang on to your blue chip assets,even when they have taken huge hits, I'm content to wait for WWF to trade again.
The naysayers will say I'm stupid to think that MF can pull this off. Those who are bullish on the stock say, hang in there, the good times are coming! Who's right? It doesn't matter! I bought the stock. It's mine to do with as I please. I naturally would like to be running with the bulls when we get trading again, but I control my own destiny. I can watch the developments and decide what to do. If I lose my investment I have no-one to blame but myself.
I don't need others to point out how stupid /smart I am to have shares in WWF.
Take a pill. Rip Van Winkle it until about 6 months after trading resumes.
GH