Post by
jamieb3 on May 17, 2006 12:05pm
Might get a bounce off $10
but I doubt it. Not a single institutional buy or sell in the 3 days that the morons have put the run on. You can also forget about the company stepping in to control what would be an easily controlable low volume sell off. Not part of "the plan". They are strictly sellers of this stock, and have probably contributed to the sell off here by having to dump their hugely increased stock compensations. (I only wish Find's net backs increased at anything near the rate of their stock comp!, but instead they decline, which is no coincidence)
Although I was lucky enough to dump almost half my holdings around $13, I was also stupid enough to hold onto the other half. I will wait until the fall or winter to rid myself of the remainder. Although I dislike the idea of dead money in my account I know Find is undervalued and will recover at some point. At that point I get out for good.
I maintain that Lexx should never have sold out to Sine. It was a bad deal for us, and has cost me untold thousands of dollars.
Comment by
leakeybill on May 17, 2006 5:29pm
I sold 75%, wish it was 100. However may average price is pretty low.
Comment by
Mexp3 on May 17, 2006 7:48pm
Take it easy buddy.... the company is still the same as the one you fell in love with last month. Since you sold half you position at $13, take the opportunity to buy some at these prices.
Comment by
jamieb3 on May 17, 2006 8:52pm
I have been in this particular stock since 2003, and I wouldn't buy it at any price. But if I was going to I would wait until about $9.