Nice 8% no news selloff, I'm in for 5,000 shares at 11.35, now, when to sell?
I based my decision on the sales fiqures and the chart, I like to buy good firms when they are absolutly hated, and people are regretting the day they ever heard the name, however that needs to be combined with growing sales, it's a rare combination to find, that is why I went in for 5,000 shares, which is a full 5% of my overall stock portfolio. It looks like $12.30 was the top of the short term range, and this, I hope, is the bottom.
Low volume sell off. I'm sitting in for the longer and this isn't anything to fear. Well within the range and is testing the lows before the next wave. A lot of swings have been in this since the bottom and don't see any immediate gains like that of KERX or NFLX, so that is why we see the outflow.