I know this fellow who back in the dot-com era of stock mania and collapse who purchsed a significant amount of a company's stock at about $8. Actually, he owned about 5% of the company stock.

This stock was in a sector that he believed in and a story that he thought was sound. He believed in the management team and had talked with them so he had added to his stock when the market and the stock fell. His $8 stock purchase unfortunately was timed closer to the top of the stock all time high and not closer to the bottom.

As the market began to implode, it took his stock down with it and even further. By the time the market was done, his stock was trading at $0.18. Even though he still believed in the company and its management team, he was virtually wiped out. He decided he would obviously hold for the longer term since he believed in the story.

As fate would have it. the market did turn and the company began to diversify into other arenas. It wasn't long before the stock was at $1, then $2 , then $4, then 6$, then $8, then $9.50. He sold at this point for a tidy profit.

The one thing he learned was to have patience. Even though he bought at previous highs, the good managment team combined with a good solid story and some time made his investment solid. Had he not bought at the highs, he would have yielded a 50% return or more.

Sounds a little like TYHEE, UH? The same fellow, as fate would have it, has invested in TYHEE.

PATIENCE GRASSHOPPER.

SilverNut