I said when I started this thread that I'd keep people updated on my progress or lack there of. So today I point to Whole Foods. I've had it for a couple years now, and I'm long on it. If you look at the chart for just this year you can see it took a huge dive. I said it a few pages back that I considered it noise because nothing at WFM had changed to cause the drop. All that happened was the traders, people trying to get rich, didn't like that WFM didn't make as much money as they projected they would. So WFM revised it's projections for the rest of the year and promised to meet those numbers. They beat their projections for the quarter and now have posted a 10% gain as I type this and they are raising the dividend another penny. I'm back to the break even point I believe. I'll see when I get home and access my account.
My point is that you have to be patient and ignore the noise if you're trying to invest. I had no problems leaving my money in WFM and riding the slump out, or selling it if it some how appeared to not recover which is something I was not at all worried about. Hell, if I had this outside of my Roth I would have bought more shares but I max that out at the beginning of each year. So just be patient, invest in quality names that you trust, and ignore the traders.
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Trey
Current rides: 2000 BMW 540i/6 and 86 C10.
Former ride: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims
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