Certainly some great opportunities with that method, Dale. Gambling machines and gambling software stocks, for example. Very long-term uptrend in some of those stocks. Still, my preference is to seek out and to buy low rather than to buy high and sell higher. Because if a relatively expensive stock (i.e one that I've entered after a big move has already occurred) corrects on me, my inclination is to say I shoulda known better, take my lumps, and move on. Whereas, if a value stock that's not had a big move craters, I'm in a position to reassess and maybe add more to the position. OTOH, some of those stocks have kept going down to zero too. No system or tactic is foolproof,
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Dale (or anybody else here who follows the stock), what's your current opinion on UCU as a buy now for a short-term hold (12 months)?
finance.yahoo.com
To me, the stock looks appealing, and the business looks out of favor.
Paul S. |
