I'd like to share my FORE experience.
I'm still holding 1000 shares, after dumping 1800 (22 Avg price), at a substantial loss over past 1-1/2 weeks. Fortunately, I've already made up for my loss and locked-in profit in other areas.
Last year I bought a minimal amt (300 shares @40!).
In January it was trading 27-30. I saw that EACH day there was about a 1-2 pt spread. So ... I went in and out with 1000 shares. I covered my loss on those 300 shares, and was was STEADILY locking in NICE profits. This seemed to be the ONLY way I could make money on FORE.
I was doing SO well. I got greedy and then started buying more FORE as it was dropping. I ultimately ended up 3,000 shares (22 Avg price), and THOUGHT I got a great deal. WRONG!!
When it was around 10 I was showing a $40,000 loss .... which for me was a BIG deal! We "old-timers" thought low 20's was the bottom. None of us ever thought it would reach 10!
I've ONLY seen FORE pop up twice over the past few months. Each time it was based on RUMORS. This time it was coupled with renewed interest in networking.
I'd LOVE for this stock to move up. But, I'm sure happy I can now live with it going back down to 10. I'm in for the LOOOOOOng run.
There's a whole new group of players on the FORE thread. More speculation. More hype. In the past FORE posts had substance. Quality vs. Quantity.
I'm sure there are a lot of "old-timers" like me, who continue to lurk.
The best decision I made was to bite the bullet and sell most of my FORE portfolio. I sold at 12&16. I'm smiling, can sleep at night ... have stocks with positive, sustained momentum. I'm no longer "The Lady in Red".
Short/mid-term, it's a crapshoot. Product announcements won't cut it. The only BIG jump we'll see is with a merger OR more rumors.
Good luck to the FORE newbies and oldies (including me)
Cheryl
|
