Dale,
I have always enjoyed your posts, very informative. I must disagree with the idea of buying more PAIR. Every time it drops, it looks like a good opportunity to buy(LOGICALLY), but then it drops more! When PAIR hit 20 last week and quickly backed off to 19, many people were saying buy here. Well, If you did, you would be down $2 right now. I think the same scenario is possible here. The behavior of this stock right now has nothing to do with the companies fundamentals. The company is obviously sound! Investors (TRADERS) are not sound! They are emotional and follow the herd. The herd is selling this stock, not buying. I really think the only thing that could stop this spiral is a great earnings report. There is no margin for error this time! I bought this stock when it crashed to 14 5/8 last month. I bought it in the 15's and picked up more in the 17's. Friday, I unloaded the portion that I bought in the 17's and was kicking myself over the weekend expecting a gap up today. Well, It didn't work out that way. Now maybe I will sell the rest to preserve what little gains I have left, and MAYBE get back in when the dust settles. I hate to do it, but I don't like seeing money disappear. If I alone could determine the price, I'd set it at 25, but unfortunately, none of US have that power. 16 5/8 on over 3 million shares. Sorry, I just don't like it! One other concern is that with all the Buy and Strong buy ratings on the stock, there is no way they can raise their ratings. They keep reiterating their buy ratings, but to no avail! If they now decide to downgrade, a proclivity Wall Street has demonstrated many times before! LOOK OUT BELOW! Regards and Best of LUCK! Dr. Jeff..... |
