Regarding Rookie.Stock's Emotionally Unsound Perspective On the Issue of Strong Buy for This Stock
It's good that you won a stock-picking contest once. Good work in that case. That doesn't mean you're correct this time.
You're telling people it's a bargain at it's all-time high: falling precipitously from $90.00. It is likely heading to its overall low of $22.00. Maybe that would be a better time for you to buy low to sell high. Right now it's high, and it's time to sell.
There is no need to curse using #$%$. Perhaps you subconsciously realize you are incorrect and are thus frustrated.
Considering your perspective, are you buying now?
Why do you care if others oppose your perspective if you are correct?
If you've been buying recently, it seems stupid, since the price keeps going down.
I have no doubt that it will turn and go the other way with positive temporary emotional market news and more QE3 injections. But the mark of this stock will be seen by how it reacts to times such as we had 5 years ago when the market was in a two-year downtrend. McDonald's stock price didn't blink back then. Let's see how your ATHN holds up under those conditions.
As we can see, during the two-year downtrend in the market, ATHN's price went down for a shorter period, but went down to $22.00 April 2008 and was again at that price two years later in July 2010. Reminds me of how GOOG was around $750.00 5 years ago and was just that again 5 years later, and now it's falling, returning now value to the stock gambler, wasting 5 years of hope. See dividend paying stocks are good because the shareholder gets paid while he is waiting on his loan to return more value.
Perhaps we are arguing over timing. You see ATHN's price increasing in the FUTURE and think people should buy NOW, whereas I correctly see it falling NOW and think people should waiting for the FUTURE to buy and should sell NOW.
Right now it's falling and one doesn't buy long when the stock is falling. That is not intelligent. If you really believed what you are telling others, you wouldn't mind if the price moved lower, then this stock you believe so strongly in would be cheaper to you and then you could ride it up to the stratosphere again.
Ignorant stock gamblers only know how to buy low and sell high. They waste their time waiting for the price to reach it's low and turn around. No need to wait. Make money when it's falling, make money when it's rising.
Is it true what Georgespelvin said, that you own more stocks of this company than the CEO? Or was he being facetious?
If you look at the market in general many stocks are having downward price movements that look like ATHN's. It's not wise to buy when the price keeps dropping.
The P/E is too high. Too high. Your comment didn't add any value.
Return on Equity is the measure of how efficiently shareholder money is being invested to produce profits. I said it was being done at a dirt-poor level, and your response was "so what?". Self-explanatory.
When I stated that the price has peaked, you said "so what". The price peaking is to say that it is now in a downtrend. You're telling people to buy in a downtrend despite the truth I have spoken about why it is not wise to do so, which is common-sense to almost everyone. And yet you persist. Illogical.
Your advice is dangerous. I hope you are the only one to follow it. Why don't you follow your own advice and buy when others are selling? I'll sell, and you buy them from me.
So it's wise to "buy when everyone is selling" is it? For example, take a look at MSTR in March of the year 2000. When one of the biggest sell-offs in the history of the stock market was happening with that stock. If you had been buying from the top on down, you'd still be a loser today.
Your advice is dangerous.
No, it isn't wise to buy when everyone is selling. It is wise to buy when there is value and no one else wants to, when insiders slowly consolidate their holdings and there is no hot speculation, such as with (WLT) between 1996 - 2005.
I do not know what your agenda is passing out dangerous advice, but I do not detect a loving concern in it for your fellow man.
Bottom line: We'll see who is correct.
Record since August 2012:
Chad_Work2001 = 1
Rookie.Stock = 0
So far, I and all the other people who know not to buy in a down-trending price movement are. Let us see how long it lasts.
What? We should buy now with you? Okay, and then hold to when? Where's it going? What's your plan?
Give perspective to backup your opinion. It's good to see that you have more since I wrote that. Comments in general people make like "Strong buy" or "Strong sell" without anything else are useless.
Where is George and the rest of the bull gang? Out of a 100 stock trades, i am right about 96% of the time (according to last 3 years of trading) and ATHN is no exception. The risk was calculated, the entry and profit target as well. I realize that fundamental #$%# #$%$ is important to most traders but i am a technical trader and i use a special software, you won't be able to find any where on the net!
Nothing beats a strong technician. you can look at fundamentals all day long, read the companies SEC filling and waste as much time you'd like. Nothing will beat my software. I will out trade any fundamental trader, don't have a hoot how good any of you are. It may take you hours to research a company but it only takes less then a minute to do so. It's not for nothing that i won stock contests several times, as i mentioned before. Am I bragging? Sure! and, why shouldn't I?
Technicals all lined up and were screaming buy, did the stock go up right away? No, unfortunately this one took a little longer. But having entered on Oct. 25th at $60.50 and having exited 3 days later at $64.75 is not a bad trade, that is of course considering making 7% in 3 days. Then having re-entered Nov. 16th at the close of day at $60.50 and sold today at $71.00. Which is a 17% gain in only 13 days!
From the bottom of my heart I hope you haven't lost all your money or too much money on ATHN but this whole trading thing is zero sum game and for every winner there is a loser. In other words, THANK YOU FOR YOUR MONEY.
p.s i do have to give you credit, fundamental crap #$%$ you wrote before was really good. From a technical stand point wouldn't it be smart to add to your position now?