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Lincoln Educational Services Corporation Message Board

  • swing_addict swing_addict Aug 3, 2012 10:31 AM Flag

    Got out today ...

    Wow . . . I realized that it was not a good time to buy LINC. I got lucky and sold @ 3.80. I'll wait until it drops below 2.50$. Then I'll go for 10,000 shares and hold. Dividendn is good and I like to buy when everyone is selling and thinks it will go bankrupt.

    GLTA. I'm out for the time being . . .

    SA

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    • I hate to say it, but I think everyone is selling NOW, and I don't think this stock has too much further to drop. Congrats for selling at 3.80, but don't count on getting back in at 2.50. Trends look bad, but as they pointed out in the press release, student starts are up compared to the year-ago quarter. If that happens again next quarter, the stock will go up.

      I'm long, and quite battered from LINC. But either selling or buying at this level is just a gamble. I will hold until student starts show another increase rather than just a 1-time thing.

 
LINC
3.30+0.02(+0.61%)Nov 21 4:00 PMEST

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