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Re: Chronic drift downwardnote the very large drop Nov. 9th... and the continuing slide down toward today's close of $12.14.. minus 2.15% from yesterday's drop. Every day the last five days have been higher than normal daily trading volumes and the stock has been losing ground... but not below $12 yet. So far no sign that any major support has come into these shares in spite of the low stock price and high yield. Not a good sign for a year end recovery so far.... but perhaps there is some good news in the works that will aid this stock. Meanwhile I am continuing to be content to watch from the sidelines... not buying but watching for the time being. NOTE>>> I know this is discouraging post for those who are underwater in this stock... I am sorry for that. But I think they should seriously consider selling for tax purposes and seeking other stocks to invest in ... and then return at a later date if basic considerations in this stock improves. This is true to my belief that I would rather chase as stock price up rather than to keep backing a loser at a lower "bargain" price that only continues to get cheaper. ***PinewoodsBear*** |
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Msg # | Subject | Author | Recs | Date Posted |
404 | Re: Chronic drift downward...notice | PinewoodsBear | 0 | 11/13/2012 7:08:05 PM |