RE:RE:lawsuit and deal going throughA good rule of thumb that I learned after a fair amount of heartache is to sell anything that reaches 10% loss that I have a very short term orientation on. If I have medium to longer time frame, i will let my loss reach 15%. If I'm super bullish, feel that I still have a good margin of safety and have long term time frame I will let loss go to 20%. But never beyond that. At the 20% loss mark, you have to decide if you are selling or buying more. If you are buying more then best to wait to see how far down it goes and wait for price action to indicate it is starting move up. You don't catch the bottom that way but you don't catch the knife either.
aurorahigh wrote: Agreed.
Is Fire worth more? Based on some analysts predictions and price to earnings perhaps. They weren’t trading at same multiples as some companies and they were turning things around. If you’re average was high and didn’t or couldn’t/wouldn’t average down even without buyout would of been a long haul and a reverse split was imminent which would of left a negative view on company.
i like supreme sombe interesting to see how this develops.
Theres always a risk in buying these companies.