same pattern
Man these guys are good same pattern last three days up a few cents in the first 15 -30 minutes and then sell it off all day and end in the red. I know why people bail because I get so tempted to do so as well, That is what money managers want. Think about the temptation why hold it when you can buy it cheaper tomorrow or the even cheaper the day after. In the mean time why not go chase some other shiny new thing. Then boom 10-20% move up and it is gone, then people come back and chase it.
Take the day to day B.S out of the stock and look at the facts trading at +- 4 and half times cash flow, +- 2 times debt to cash flow, +- 0.6 of book value and on and on. It is the same story as when the stock was trading for less than half of book, eventually the value will be realeased this stock is a hold in my opinion. None of the day to day B.S will change that in my mind, unless I see a change fundamentally I am holding cheers Matthew