Hi Steven - We sure have cornered the market... on stress!
Thanks for the great reply. I can see a twinkle in your eye as you typed that one - and I bet you weren't bored for a single second. It sure helps to have a sense of humor, especially when it comes to our own thinking! By the way, I too, think USRX is an A+ company that is here to stay. However, I think that it is heading lower in price - through no fault of their own - simply market action.
My thoughts on PRST are close to yours. In fact I have unwound most of my long positions - and will try to get out of the remaining 1500 if it bounces up tomorrow AM. I will then be sitting with just the short side, which I have been adding to in the last couple of weeks. I think this is best, given the present ugly mood of the markets, NASDAQ in particular, and the mounting weight of legal distractions at PRST. At this point the momentum players are bailing out and the value investors are sitting on cash - waiting for even lower prices. So who is going to buy? I have a strict rule that if I would not buy (at a certain price, say 60 for PRST) then I will sell. Currently I will not buy at 60, and probably not even at 40.
By coincidence, I too work for the government. Research Engineer for the Navy. I like numbers - and the story they tell. For me, if it isn't in the numbers, then it isn't there. There are just too many 'twirks :)' in the PRST numbers. I figure at this point, that if the raging bulls are right on PRST then we will all have plenty of time get back into it (probably at a lower price) - but first the co. is going to go through a woodchipper - and who wants to go with it? Kind regards, RH
P.S> Two things. If we find this wild ride stressful then what about the co? Does that help business? (The one benefit they have is that they are NOT bored!)
Second - I hope you have kept some of mom's powder dry on USRX - look for even a better bargain in near future. How about buying a long term option - to limit risk and guarantee a purchase price. Add to option position if stock declines further and when stock looks healthy exercise the option and mom will have the shares - and you can go home happy. :) |
