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Author: investanickel One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 39  
Subject: Re: Free fall? Date: 8/9/2007 12:09 PM
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No ideas beyond the simple volatility of the stock. It had a huge run up in the past few months. I bought in around 70, rode it to 95 or so, then watched it start falling toward 80 & got out. When it reversed again, I kicked myself and bought in around 90 and rode it to around 110 before bailing again. I'm usually a longer-horizoned investor than this (in fact, this is the only stock I've done that with this year).

I think unless you have a very high threshold of pain & risk, this isn't the stock for you - even if it falls more (which it's doing today - at least at the time I'm writing; in an hour or two, who knows!). I got out both times because I didn't understand what was driving the stock up or down & my threshold of risk, while pretty high, simply couldn't tolerate the wild swings.

If you've a high risk tolerance, then you may want to take a nibble soon - maybe around 75. No guarantees it won't fall to 50, but seems like a reasonable entry point to see some upswing within the next few months.
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