Post by
Mazz889 on Aug 31, 2016 3:10pm
Will this stock recover?
Hello everyone,
I would like to get some of your opinions.
I bought the stock at 1.65. I am wondering if the stock will ever recover anytime soon. It is worrisome that it still hasn't bounced back to the 1.40 range.
-Maz
Comment by
peter75 on Aug 31, 2016 3:37pm
Max, ignore what you paid for it why did you buy it? was it a trade or a long term hold i am under water on this but I'm not retiring any time soon be patient it will come go th the Morningstar institutional ownership No big boys are selling
Comment by
Mazz889 on Aug 31, 2016 3:43pm
Great questions! I bought the stock because (a) I really like the company and what they do ( Im a researcher and I looked into a lot of the things they do), (b) at the time, I thought that the stock will go up, (c) I am a risk taker :P haha I am planning on having the stock for at least a year. May not be long enough but I am hopeful. Maz
Comment by
lscfa on Aug 31, 2016 4:04pm
If you hold period is a year the stock will easily be above your $1.65 acquire price by then.
Comment by
peter75 on Sep 01, 2016 2:38pm
ISCFA If this stock holds up to day after yesterdays big jump back up , i see 1.65 by thanksgiving. too many positives going for it
Comment by
gibbonsj on Aug 31, 2016 5:56pm
based on guidance I'm confident sp will recover to the 1.60 range after the next couple of q's are released but stay disciplined, ease into it. There is no shortage of shares and there is no telling what the sector will do and that has more impact on sp than any other factor.