On second thought, it might be a good idea to post my post that Pascall was referring to:
"..
Look everybody, just take a Prozac and
by: sprucegooseII (64/M) 1442 of 1452
relax. One of the biggest, most analyzed stocks in the sector just took a 9 BILLION dollar bath. OVERNIGHT!!! You're fooling yourself if this doesn't come to mind of every analysts, MM and fund manager when he thinks of jumping back in the water. The conference call alerted all that there were generally good times ahead for Quad. POSSIBLY the only company in the whole damn sector that can say this! You can't expect this whole group to just jump up and down and pour millions into Quad. I might remind you that this same group just WEEKS ago lost their shirts (and wallets) in Quad and other sector Co. SO, my fellow postees what does this all mean?
It means that all these analysts will want personal face time with Durham and the new boy in town to get, and they will, assurances that this quarter is not a flash in the pan. Those of you that heard the conference call will remember that nearly ALL the participants asked questions that were not answered. Rather, they were told that these questions would be gone over WHEN THE GRAND WAZOOS got in touch with them personally! THIS is when the big boys will jump back in so they'll look like heros picking the leader of the pack. In the meantime individual investors will putz around with the stock and the price will stay pretty much where it is now, FORMING AN EXCELLENT HIGH BASE. Antzy investors with big profits (remember 4.5) will get impatient and get out. New investors will get in and when we take off again, we won't be carrying so many investors with very big paper profits to protect. We'll be overloaded with investors that are still looking for profits above 10.
This is the normal course of events. Any stock that goes straight up with no recycling of stockholders has no resistance on the way down.
Look back over some of the Remington Newsletters, this is where I gained much of this insight. One of the newsletters said something that stuck in my mind, something like, every stockholder in a company is a liability to the company in that all they can do is sell. Their purchase is already factored into the current price. It's the new (or recycled) stockholders that will move us along.
Believe me, they'll come. So, forget looking at the damn price every 10 minutes, relax, and wait for the fundamentals to prove out. |
