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Famous Dave's of America Inc. Message Board

  • Spaldo44 Spaldo44 Jan 6, 2009 4:16 PM Flag

    Can we buy now Wizard?

    You know it all. Let me know.

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    • jamescolton Jan 8, 2009 12:23 AM Flag

      Wizard, I respect your opinion, but it seems you want to buy after great news. Isn't that the time to sell? IMHO, restaurants got hammered for no good reason. Everyone thought nobody would go to restaurants in this economy. But actually, people are and food/oil costs are very low. I think DAVE is just starting a recovery from a very oversold position. What are you thoughts?

      • 1 Reply to jamescolton
      • personally I like to great on technical's / fundamentals i.e. growth, earnings etc. With that said, the market has been brutal in 08 taken down everything and many then look at mgr. the leadership etc. which shows in the stock price. O9 will be in my opinion a rough year as well market uncertainty, Financials / Banks, unemployment to name a few, which will weight on the markets as well. Like I said I don't normally trade cheap stocks, I focus on the leaders at the time with 500k+ in vol. daily avg. with nice upside potential. Before close yesterday I went all cash and now waiting for some pull back. Watching energy stocks mainly APA DIG OXY OIH USO etc and MA V RIMM AAPL MON MOS to name a few. Again if you've done your home work with DAVE nibble a few here with some tight stops. Good luck and happy trading / investing in 09.

    • great question. Some buyers step in here on low prices and we saw some good volume yesterday. Personally the jury is out since I want to see confirmation several qtr's after qtr's growth. Plus I normally don't trade cheap stocks. Last few days did trade SOLR for a nice reward and energy stocks i.e. APA OIH NBL SU DIG and MA V AMZN RIMM was 90% invested but since we are over bought here took profits and this morning only 10% invested constantly scanning 400+ charts daily. Good Luck!

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