Some people think you can look at a stock's price to determine if it is a good buy.  They think if it is lower than it was earlier then they have a right to laugh at people who bought it at higher prices.  I, on the other hand,  think there is no more infantile method of valuing the quality of an investment than to judge it only on the current price.  Lets look at a couple examples:

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1.  Pharmacyclics Inc (PCYC) :  In late 2006 the price was $10.  By early 2008 it was down to 65 cents.  I'm sure there was a lot of jeering at the longs on the stockboards.  Today PCYC is over $70 per share.

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2.  Select Comfort Corp (SCSS) :  In 2007 the price was $19.  By 2009 it was only 19 cents.  The basher crowd surely crowed at how stupid any investors could be for owning the stock at 19 cents, whether they bought it there or higher.  Surely a 19 cent stock has to be a bad investment, right?  This year SCSS has been as high as $31 a share. 

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3.  Jazz Pharmaceuticals (JAZZ) :  In 2007 the price was over $17.  In 2009 it fell to 52 cents.  The bashers were howling with glee about what idiots the longs were!  Today the stock is selling for $57 a share.

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If my point isn't already obvious, I will spell it out.  Judging the worth of a possible investment by stock price only is a fool's errand.  Anybody that constantly harps on the current price is an idiot.  Today's 28 cent stock might very well be next week's 70 cent stock, might very well be next years $5 stock.  That is why due diligence is so important in picking out an investment.  In fact, I believe GWG will before too much longer be that $5 stock.  I have done my due diligence and will share my reasons for my optimism in another post.