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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: TomNY who wrote (18791)8/6/1999 3:41:00 PM
From: StkProfit$   Respond to of 25711
 
RE: FCM. I bought more today at 1 5/8, last purchase was at 2 1/8. When I saw the price was slipping, I bailed at 1 3/4, then re-entered today(a risky ploy, but succesful this time). Now I sit and twiddle my thumbs.

This is a REAL, and LISTED company. Until the 3rd or 4th week of August, I wouldn't expect much out of the stock because it's a very DEAD time of year. But if you're looking to buy a stock at it's lows, now is a good time to buy for many stocks.

Of course people will cry anytime they're losing money, and right now the stock price is in the toilet....they have good news expected in Sept/Oct in the form of revenues, and new contracts/completed works which should be seen in the form of PR's. Don't hold your breath, either bail or decide to wait and don't worry what the stock price does between now and then, it's easier on the stomach!

Regards,
-Mark