I can't dispute that after a 30% jump in one day, a little retrenchment is in order. For the stocks I buy, not for those around me....
One example is SAVLY, which I was planning to buy a couple of weeks ago at 40, when I bought 2 others. I said, nah, no rush, I'll wait a day or 2. Similar situation to Sapiens - it had been recommended on a Fri, on Wall St Week. Well, within a week it was at 50, and I gave up.
Then they blew out earnings, went up 6 points in one day. Analysts are now covering it, and saying great things. I figured I'd better bite the bullet, but this ---- just refuses to go down! I mean, it goes up every day, and we're not talking fractions!
So I was kinda hoping for the same thing with Sapiens. I did succeed in buying this one, and you know the result.
jay |
