<Man, you're killin' me here, I just sold mine for a small loss yesterday to find something a little more active. It looked like a good plan for a few hours anyway, but today it finished a bit stronger. Okay, maybe I'll get back in tomorrow - unfortunately that will probably trash your chances of winning the contest this week. :)>
A small loss is not so bad compared to all the horror stories I have read on SI, some who have lost over 50% during the tech disaster.
With patience, this company could bring very good returns. At times LGWX has been a good trading stock, typically volume picks up closer to earnings. I have been in and out at between 9 & 12, buying in the 8 range. One of these days it will stay above 12. The street is just looking for earnings stability. They had some problems with over extending their marketing & sales, but have resolved these issues & are back on track. Greg Peters is very very competent CEO, he knows this business as good as anybody and is a stickler for execution.
Even when things look bleak for the market, there are still gems to be
had before everyone knows about them. I too am impatient at times, but if this stock reaches 20 in two years, is that not a good return?
Good luck in the NEW YEAR. See ya! |
