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Msg  403 of 411  at  11/13/2012 7:00:27 PM  by

PinewoodsBear

The following message was updated on 11/13/2012 7:05:46 PM.

 In response to msg 398 by  PinewoodsBear
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Re: Chronic drift downward

note 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




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