Steve,
We try to keep specific stock discussion off this thread. Stocks are people specific, ie., SFA might be good for investor a,b,c and d but not E,F,G because of risk tolerance, capital, other holdings.
As well, please let me qualify that stock as a pick. It is a company we began accumulating a few weeks back for our managed portfolio accounts. It has done wonderfully, surged strongly to 26, then back way off, and yesterday moved again. Looks like interest is coming in. I made note of it in our daily e-letter, a list on which you are included, as an example of a stock we missed getting more of, which then went much higher yesterday.
PLEASE DO NOT EVER simply buy something because someone says they like it. I like a lot of things and there are times and places to buy and sell stocks, depending on the market action, the stock action etc. My comments yesterday in the daily-e was that I was disappointed that we hadnt committed more to it as it was up big yesterday, but ifyou had askedmy opinion on it today, given the strength in the overall market, that this stock is not participating might mean I would wait for the next movement.
Again, a time and place for everything. This is why I refrain from talking stocks on this board.
Regards
Steve@yamner.com |
