Geeze, ya take a long weekend and the
portfolio goes to hell.
When your stocks are off 20% in the
last month, and your number one pick
is off 36% from where ya got in, I
guess all you can do is laugh and say
that you're now a "long term investor"
or chuck it all and find a new number one
pick.
-OR- ...anybody got enuf guts to double down
at this levels? I doubt it (I know I wont)
...by now you would have thought they could
have orchestrated a move in the stock. Not
that earnings and the outcome of the arbitration
were any help at all.
I see that a block of 10,000 turned over late
in the day today and the thing ticked up a notch,
otherwise not a lot of volume these past couple
trading days despite the news. I guess that is good,
nobody is dumping their shares indescriminantely.
Still, with each passing day looks more and more
like we have all found a real dog--a dog that just
doesn't want to get up and play.
It's like they thought to themselves--yeah, we know
how to do the web, we have some ecommerce tools,
we know this is the hot thing for companies these
days...but...screw it, lets just chuck it all, change
path completely, and run this company into the ground.
Now does anybody want to double down? Or does a person
stick to his rules and get stopped out? I would suggest
that there is the possibility that everything
has been orchestrated to run the stock down...at which point
some smart money could come in, just before some more
decisive movement by the company. And if the company pulls
in 9M in the fourth quarter in the US like they said they might
(probably half of that just from the flight sim add-ons
which didn't show up in the stores til after this past
quarter ended) then you would look like a real idiot for
taking a loss now.
So what's it gonna be, buy...sell...or hold.
I think I'll just make it easy on myself and shut
the PC off again. |
