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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (1695)4/3/2000 6:34:00 PM
From: BWAC  Read Replies (1) | Respond to of 5499
 
Larry,

I can't say that I disagree. You are right. Don't forget that you've added a few things to this board too.

However in certain situations I do make large investments. And usually they are about 30 days too early. And I always, without fail, sell too early also. It is a curse.

In retrospect I went overboard today. But it was such a bargain that I just couldn't keep my hand off the keyboard.
I felt CNC needed to settle for a few months also. But that was around $11 to $13. I originally planned to trade that range around a much smaller long term postion. But this drop below 9 was just too much.

I really don't worry about missing other opportunities. I always felt it was best to concentrate on a few stocks with low valuation risk and trade them around. And of course hold some for long term. But if I can trade the boringest unloved undervalued stock around each day, and walk away from it with money in my pocket I am happy. I'm even happier if I can sell Calls and not work hard each day.
I wonder if I can sell out very many April 10's for 5/8 or 3/4 this week?



To: Larry S. who wrote (1695)4/3/2000 11:13:00 PM
From: Esway  Read Replies (2) | Respond to of 5499
 
LU acting like it would like to retest the mid 50's again in the near future. Could be a good time to add to the position since it has recently been battle tested close to 50 several weeks ago.