Dear Martin,
First of all, you must be confusing this board with a board that cares about fundamental. Just in case you didn't guess, I think they are worthless (like the pre-split Opphenheimer & Co. price projection
of 30 a share for OO, 10 days before it started its plunge to 9.50).
Why would you buy VANS. There have to be 1000's of better candidate out there especially in this type of market. You have pretty tough
resistance at around 15.75 and support at around 9.625. You are buying smack in the middle at 12.00-12.50. Why take such a risk? Based on Fundamentals? Please!!!! Why not wait til it breaks out or bounces off support (or fails to do either) to make your buy or short.
Until then, buy another stock.
I hate to be so blunt, and who knows, maybe you will get lucky on this, but then again, most on this board will tell you I'm a dick anyway.
BCL
P.S. If you are a day trader or very short term trader, then ignore what I said, as there is potential for a small pop in price. |
