Glenn: Before you buy EGRP, take a look at the downgrades from MSDW this morning. Downgraded SCH and MER, saying the cost of trading could eventually go to zero according to CNBC. This will, or course, wreak havoc with NITE once again!
I am all for taking tax a loss and trading into a similar stock, like Brazilian stocks, or OSX stocks. They trade pretty much in tandem, and you can take the tax loss and still be in the sector. To sell NITE now, IMHO, would be a mistake. There is nothing comparable to NITE! This is the best season coming up, volatility is picking up, and it appears that, with the wind in its face, NITE is no longer going down. |
