Here's the latest news stories...
CTC Communications Corp. Reports Financing Progress
biz.yahoo.com
CTC Communications Shares Fall on Analyst's 'Sell' Rating
messages.yahoo.com@m2.yahoo.com
Massachusetts Department of Public Utilities Grants CTC Communications Corp.'s Petition to Strike Down Bell Atlantic's Anti-Competitive Policy
My thoughts...
One, I sold at this level (taking a big loss). I have not regretted it. Actually, when it traded back up to $9, I thought about shorting (which I didn't).
Two, there is too many clouds to the picture. Once this was a company with clear earnings and nice projections from analysts. Now??? There are losses, unclear financing plans, and analysts running.
Three, what I would do is take the loss and shop elsewhere. You could always keep track of CPTL for a future purchase (for tax reasons, a loss is realized after 30 days of making no purchases of the same stock). I keep track of everything I sell, like CPTL, to continuously monitor whether I made the right decision. Of course, you could read the Yahoo! Message Thread for CPTL for more opinions.
Four, don't be too hard on your father-in-law. I sure he wants the best for his daughter.
Five, if you want some good stock tips, check out the "Three Amigos" thread here on SI. Good Info!
Good Luck!
No Position in CPTL,
Duke |
