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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: Captain James T. Kirk who wrote (684)5/12/1998 10:55:00 AM
From: RGinPG  Read Replies (5) | Respond to of 1305
 
You're probably right, the risk of selling before a significant runup in this stock (like more than 25%) is much greater than the risk of owning it before a significant dip. I think the best I can do is get it at 17, which would be a drop of only about 14%. More than likely I will get it back close to where I sold it. Hardly worth the time of even a semi-long term investor. So why did I do it? I have confidence in TA (stochastics).



To: Captain James T. Kirk who wrote (684)5/12/1998 11:20:00 AM
From: 007  Read Replies (1) | Respond to of 1305
 
<Realistically, you can sell UTI almost everyday and buy back at at least 1/2 point
cheaper. >

I'd love to be able to do that, but I think it's much more difficult than it appears. If you could average 3/8 per day on a $20 stock, that would probably offer a compounded annual yield around 400%.
007

PS I don't think we'll go below 18 1/2. Look at the trendline that's developing.


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