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InvenSense, Inc. Message Board

  • dseigel@sbcglobal.net dseigel Feb 6, 2013 6:34 PM Flag

    WAS IT WORTH IT

    A week ago when INVN was trading just above 15 there were a few people on the board who insisted that the stock was due for a big pullback and it was time to short it. I predicted the stock would not pull back under 14.50 and that shorting it was a mistake. I was off by thirty cents. The stock pulled back to 14.20 before springing back to 14.80 as of today. My question to those who shorted is simply this: Was it worth it? My feeling is you either believe in a stock or you don't. Rather than play the ups and downs of the market why not assume a position and play that. If you don't believe in this stock and think it is going to eventually tank go short and short further if it momentarily ticks up. If you believe in this stock, as I do, go long and buy more shares, as I did, when it pulls back a little bit. People can, of course, do as they please--it's a free market. But purporting to know when a stock is going to go down then up and then down again and is, is in my estimation, at best, foolish, and at worst,arrogant. Just one man's opinion. And Lord knows I've been wrong before.

    Sentiment: Strong Buy

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INVN
21.429+0.429(+2.04%)11:07 AMEDT

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