Baldwin, as the target of your comments, I must say that they were a bit tactless, but what you said was helpful, so I'm not offended. Let me be clear: I am not trying to daytrade TLAB. I'm just thinking about timing a sale, so I can incur a taxable gain to offset a tax loss. FWIW, I still haven't sold TLAB, and I'm questioning my doing it unless TLAB goes up to 115 or so. In theory, I could sell TLAB and buy it back a minute later, so I don't think there's a huge risk. And if I end up having to buy TLAB back up at 120, so be it. I'd have learned a lesson the hard way.
As for the substance of your message, I still don't think that you rebutted my primary assertion that TLAB moved down 15% on "no news." What you pointed out was that there was rumor, innuendo, and analyst comments that brought TLAB down. Exactly my point: Tellabs was moved down on speculation, not on fundamentals. I expect that to happen again, too.
Doughboy. |
