GREY:LBEFF - Post by User
Comment by
canada7on May 14, 2007 8:10pm
291 Views
Post# 12779602
RE: canada 7- still have faith??
RE: canada 7- still have faith??
It really does not matter we have faith or not.
We voted with our money. The fact that I increased my position indicates my believe LBE is real and will take off from this low price.
Last time, when I put my money into PRO at $.60, I guess some people also thought I am off. 2 days later, that stock jumped 30%, in fact, it had a triple jump in about 2 weeks. Not sure I can be so lucky (most likely not), but when there is value, go with the value. In due time, it will be rewarded. This is called investment as far as I know it.
Buy when there is a blood, buy when people are scared, buy when you know the company is a good hand of proven management, buy when institutions are buying, and buy when people think we are crazy.
LBE can drop further, so what? It has a very strong support at $3, that will be my down side risk, but with PP at over $4.50, I think the chance is extremely small it will reach that level. Last time I had a heavy buying when LBE dropped from $2.86 to $2.10 in few short days on 1/9/2007. The stock dropped further the next day (but recovered at the close), and it never touched that price ($2.10) again since then.