Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: davidr101 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 96  
Subject: Time to Buy Date: 5/24/2005 11:07 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
The Old Fool Sez:

For a stock which has as much Motley Fool coverage and recommendations as this one has, I'm surprised at the lack of posts here.

Tonight is May 24, 2005, and I ended up with some uncommitted money today thanx to a drug company which decided to head South at a high rate of speed. Drug companies do that, comes with the territory.

Today's close was $7.50, and it is time to get on board this particular train if you are interested in the stock.

The volume lately has been very low, but the stock has been holding its price in spite of that fact. On May 17th and 18th, the stock ran the stops at $7.25 that the weak holders had out, guaranteeing themselves a loss just in time for the stock to proceed North without them. Since the stock has been falling from $9 for a while, I doubt if those stops were protecting profitable positions.

From a technical standpoint, the stock is a "noisy" one, and I won't be committing my life savings to it, but I do feel that tomorrow is a good time to buy a starter position in it. If you already have a position, I encourage you to add to it if you are able. To those of you who bought this one when the Motley Fool first recommended it, hold on to your position because the stock shows lots of promise.

Oops. Just looked at the chart. Refreshed my memory so to speak.

This stock has been basing at this level since November of 2003.

Permit me to change my mind and recommend a slightly larger order for the opening.

Sincerely;

The Old Fool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Macro Economics

Intel's Broadwell Potential
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement