SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Signature Group Holdings
ELLH 15.000.0%Oct 31 9:30 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Carey Thompson who wrote (56)12/28/2007 4:22:40 PM
From: SI Bob   of 78
 
I'm still sitting on my hands on this one, but only for another week at most. I like the long-term prospects, but it's currently trading much higher than it was early last week and I'd like to see a pullback comparable to the one it did after it spiked 50% on November 8. It pulled back about 20% from that one. This most recent one was also a 50% spike, but I'm not waiting for a full 20% pullback on this one.

I flip a few share nearly daily, but am waiting around to see if I can get it below $3.50 before getting a long-term position.

I agree that it should be substantially higher long-term and really, another 50 cents per share savings is going to seem pretty meaningless in a few years, but even when investing, I tend to have a bit of a trading mindset.

My long-term outlook is actually more optimistic than yours, since I'm pretty eager about another opportunity to get the Jun5 calls.

I added a lot of [t]WPL[/t] to my long-term account yesterday at $5.10 and over the past couple of days have been buying quite a bit of it in my trading account and plan to buy still more on Monday. Paid $5.05 and $4.83 today.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext