Well, all of us have "comically-poorly-timed" sales. My most recent one was BMLpG at $3.76 in February. Regardless, I believe that we will laughingly cry at these prices someday. The long-term bargains are omnipresent to the point of indecisiveness.
I respect your experience, so thanks for endorsing my stance. I like what I see, so I will wait to see where TUES goes.
Are you still holding ETM? ETM rose a nice 40% since we last spoke. No complaints!
I did the same on 10 March 2009. I sold my largest holding, HERO, at $1.24 in order to purchase twice as many shares of TUES at $0.60. I viewed the asinine price of TUES as a rarity and decided to take advantage of it. Now I will watch patiently as TUES continues to rise.
That's true. And a worthy point. But my point was simply I asked myself a straighforward question: Which stock was clearly more undervalued: SMRT at $1.05, or TUES at 60 cents. I thought the answer was clear, so I dumped all my SMRT at $1.05 to buy TUES. I'm getting the increasing feeling that, instead of going back to $1, TUES may very well be back at $3-4 sooner than we think. Then I'll feel a lot better about dumping almost ANY stock I was dumping (including RT at $1.75), to buy TUES at 60 cents.
I missed that one too! Positive signs are definitely starting to show!
Did you see the news from WFC? If its competitors report similar results, we will witness an extraordinary rally in the markets!
>>I can't wait!!
I can. Who in their right might would want to hold a high-end retailer in this market? TUES is likely to remain under $2.00 for the next couple of years. People just aren't buying much of the cute but unnecessary stuff right now. Add to that the totally inept management this company has and you have the recipe for financial disaster. Enjoy your losses.
>>the totally inept management this company has and you have the recipe for financial disaster<<
You obviously don't have a clue about TUES management. It is very stable, seasoned and experienced - in short, they know their market and how to run the stores at a low cost. It's been a big success, both in the past and right now.
There are hundreds of companies, most much larger, that don't have anywhere near the quality of TUES management. The main problem is, TUES doesn't get Wall Street coverage - they are kinda small, and NEVER have to borrow more or sell more stock to pull their ass out of the fire, like hundreds of other companies that we see.
If you want to see some really pathetic mgmt teams, take a good look at mining stocks, or the banks. Those people are a real joke, and mostly just a bunch of highly-paid liars.