I am looking to buy LU they have been having some great Q earnings. I just don't know when to jump in the stock has been going down and I would like to get the best price. Anyone have any advice? Thanks
IN one of Warren Buffet's books, Warren is quoted as saying that even a stock with a good
upward turnaround potential can take a 30% drop
before the the market reflects the turnaround in the stock price.
Many investors, maybe most people feel that the moment they buy a stock is the moment that it should immediately increase in value like a rocket. Too bad it doesn't work that way.
The overall market sentiment is most important that's why I asked whether most people on this board felt that Lucent with 3 or 4 quartes now of profitability has turned the corner and whether this $ 3 area the downside risk was less than the upside potential. Once people feel that way the stock will turnaround.
Now that you've digested the chart let's analyze it against Newton's first law of Physics which says... An object at rest tends to stay at rest and an object in motion tends to stay in motion with the same speed and in the same direction
okay so i have 300 share of lu and i wsa stupid and bought it a 3.36 so i am losing my ass, so should i sell and just write it off or hold on and hope something positive happens. and what about the 5-1 reverse split i keep hearing about.
robin in PA
Certainly you got Creamed for being in tech stocks
Hey big shot you are just another one of Jim Creamers butt buddys. I hope you shorted LU and went long on NT as Creamer suggested. If you did you should have a belly full of Creamers cream now.
A good time to buy is when you have twice as much money as u need and are much happier than everyone around you. In time,you will have just enough money. Reading the balance sheet,especially Liabilities compared to Profits should bring you down. If not check out Russo's compensation package for running a marginally profitable enterprise. That should complete the cycle and make you Sick. Good luck!