There are a number of us who just go long TEX. Now, you may be a TEX brainiac but you do not hold up to rd/mig. Im telling you these guys(guy) hit the bottom every fricken time.Its genious(lol), the only thing is I dont think they took my advise to use the opportunity to buy.
TEX is an excellent stock. I could see someone reducing their position @32. TEX is no longer the best opportunity on the stock market anymore. Something I have been saying for 1+ year.
TEX is now just a good-great opportunity. I reduced my position in my fund today. And its still my biggest holding but I am reflecting the fact that on a reward to risk basis TEX no longer reigns supreme in my portfolio.
Its important for all of you never to be too drawn into a stock and always hold or vice versa. Everything should always be dictated by the numbers.
Right now my numbers say TEX is worth $45 -50. Giving good upside. Its now just a great play.
I hope we all enjoyed the market mispricing of the century on TEX. Now TEX is just mispriced its no longer the opportunity of the century