Well FORE holders, I'm out of this stock for a while.
Why?
It was up on a crappy day.
I escaped with a meager profit (supersize that Big Mac!).
Similar stocks have been more devastated, offering, IMO, better short/long term opportunities (e.g. XYLN).
I bought other stocks today, and selling FORE (and APCC) keeps me out of margin.
Market is beating the shit out of high P/E stocks. If they take the P/E down to 25 or so (like they did with XYLN), this becomes a $13 stock.
Recent acquisition very poorly timed, and poorly received.
I'm not anti-FORE again, yet. In fact, once things settle down, FORE should do quite well. But right now, I feel better with my money elsewhere.
Am I crazy?
James |
