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Leading Brands Inc. Message Board

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  • hotpanera2 hotpanera2 Apr 10, 2006 5:36 PM Flag

    gentlemen I think we were manipulated

    Because the stock rose so fast, many who got in between 1.50 and 2.00 have prudently taken something off the table. I know I did, selling a little less than 30% at 3.22. I didn't do it because I thought the prospects of the business weren't real, or that the stock had become overvalued. If I did, I would have sold it all. But experience has taught me that unless something like an immediate takeover were in the cards, a quick double usually gets temporarily reversed in part. I remain confident that LBIX is real, cheap and will go higher. I bought a little on Friday and plan to get back to my full position. I suspect that what I did is typical. However, the selling got magnified today when the stock started declining and the spectre of losing all of one's profits was there for the nervous to worry about. Once the stock price turns up .10-.15, investors will instead look at the fact that the price is still well below the high and the buying will likely feed on itself. This is normal psychology in the absence of fundamental news. Once earnings come out, what is then said about the future in particular will drive the stock. JMHO.

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    • What a bunch of nonsense. If you truly BELIEVED it was a great stock for the long haul you would not have sold any of your shares. Or, if you believed it was just a temporary slide, you would have sold all your shares and bought later. The fact is, you really don't know. Talk about psycho(logy) babble.

      • 1 Reply to holtontim2
      • You are amazingly naive and obviously have no knowledge about managing risks and playing the odds. After doubling my money in LBIX in a few weeks, I could have just sold everything. But believing that the stock was still cheap, I chose to sell the 30% in my IRA. That takes 60% of the original investment off the table. If the stock kept rising, I'd only double my money on 30% and make more on 70%. If, as usually happens, there is a temporary pullback after that kind of rise, I can replace the sold shares more cheaply. Nobody KNOWS anything. Playing the odds has worked well for me. If "everything is black or white" is your style, good luck. You'll need it.

    • well said friend..well said...

1.55+0.03(+1.98%)May 26 3:35 PMEDT