Thu, Nov 20, 2014, 6:13 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Tuesday Morning Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Apr 17, 2009 1:23 AM Flag

    TUES has nearly quadrupled!!

     

    I'd say "not expected" instead of "incredible."

    I have no position in TUES but am ready to dispense advice.
    ;-)
    Before "taking your profits," ask yourself this question: If you did not know your cost basis in your TUES position, what would you do? Do you think that it is over-, under-, or fairly valued at about $2? I would guess "under-" will be the opinion of many longs. Do not be in a rush to sell just because you've tripled or quadrupled your investment. Sell only if you really think that the share price puts too great a market cap on the company.

    OK, I step off the soapbox now.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • triptolemus@ymail.com triptolemus Apr 17, 2009 8:31 AM Flag

      John,

      I like your advice, so please continue to dispense it. You encourage me to ponder my future actions.

      In response to your questions, if I did not know my cost basis in TUES, I would buy TUES at today's price because I believe that its long-term value is in excess of its current book value. I thusly believe that people are presently undervaluing TUES.

      Conversely, I admit that the current price perplexes my thoughts. Why? When I bought TUES on 10 March at $0.60, my loss was ~70%, so TUES had to rise to $2.00 in order for me to recoup my loss. Well, TUES is nearly there, so what am I going to do? Although I am leaving on Saturday for 9 days to relax in the Outer Banks and am not knowing about the availability of the Internet, I am going to hold my shares. I truly believe in the long-term viability of this company, and I surmise that many people will regret sales at these low prices in future years when stability returns to the markets. I do not want to be one of those people.

      Do you share the same thoughts with ETM?

      Regards,

      Tripp

 
TUES
22.38+0.63(+2.90%)Nov 20 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.