RE:RE:RE:RE:Ready for opportunity when it goes down todayWell Snowdogy, that is what makes a market isn't it?
I currently have positions in 6 companies that each take a notable chunk of my portfolio. Of those companies, 2 of them are severely underpriced by my measure today, 5 are severely underpriced by my measure over 1 year, and all 6 are severely underpiced if I extend to 3 years....
It is just a matter of time frame in my opinion... I bought another chunk of HPQ last week, and will consider it in a few weeks the next time I make my monthly investment choices(if any).
Cheers!
Snowdogy wrote: This is rediculous. HPQ is worth more than 88 cents. I'm not unaware (apologies for the double negative but it works here) of the impact the big boys have on the market but it disturbs me greatly that a stock can be made to trade at a value which is inapprpriate on its face considering the merit of the play. That goes for both false positives and negatives. Just as common folk can bond together on reddit and temporarily show the hedge funds who's boss to the point where the hedge funds complain about the need for better stock market regulation, a thing which they have benefitted by through its relative absence, I fear for a system where stock prices are not established on the merit of the company through real trades by real people. Ya, I'm being overly simplistic but I think all real people on this board who have real investments in HPQ feel the same. Tomorrow, if this silliness continues I may sell another holding to buy low on HPQ thereby increasing my skin in the HPQ game but I will have become a little too undiversified if I do. But I have faith in HPQ and that will likely win the decision for me tomorrow. Good luck to all longs. Our day is coming.