Would you buy this stock?

 22% increase in one day...Overextended?


...7 months later

4 Response to Would you buy this stock?

September 16, 2010 at 5:49 PM

I would not have touched it on February 10th because I would have thought it over extended. Wrong again.

Ty
September 16, 2010 at 7:41 PM

The real question is should you buy it now. I rode it up for 21 percent of this gain. And it showed up on my screens again today. Only this time it's even higher than when I sold it around 55. It's got seven straight weeks of price increases. What do you say?

September 17, 2010 at 7:27 AM

Which method are you using that is giving a buy signal at this level? Personally, I would wait for a decent pullback before entry. Catching 20% of the ride up is pretty damn good. You can't get stuck on the woulda/coulda/shoulda side of things.

Ty
September 17, 2010 at 8:06 AM

Yeah I agree with you. I think once you sell a stock, you should probably just find another. Under the rules I should have held it at least eight weeks. But because the market turned, I sold. To keep track of it, I put it in the simulator to see what happens. Entered at $66.28. I think it's time for the big money to flow out but only time will tell.

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