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Flexsteel Industries Inc. Message Board

  • nick.mach nick.mach Feb 6, 2008 12:30 PM Flag

    Blew it.


    Made 1st buy around 11.50. Was hoping for next two buys at 11.00 & 10.00.

    It was selling at historical lows, once in a lifetime opportunity to barrel in. Got greedy and blew it.

    Lesson learned. Average down, but be much more realistic and PULL THE TRIGGER.

    Good Luck

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    • nick.mach:

      I could say the same thing. I really can't figure out why FLXS took off in the last couple of days except for the dividend yield. I started a new certificate of deposit yesterday and had to settle for a meager yield of 3.4% which was the highest this bank was offering. Six month treasury bills have dropped from about 5% to 2.2% in six months. Ben Bernanke is trying to get us to invest in more risky things.

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