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Tuesday Morning Corporation Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Apr 23, 2009 2:05 AM Flag

    Big rally 15 minutes before close on heavy volume!

     

    I was way too cautious: bought TUES at 60 cents and sold it for 62 cents for a nice profit. Now, what's wrong with that picture?

    Answer: I was hoping to get back in cheaper on a pullback. You see where that got me--sure, a profit, but I missed the forest in chopping down the lone tree. (OK, I mangled the expression.)

    Be slow to act here. Longtimefollower, don't start putting in sell orders, even at limits no lower than $4 or $5. Do you reaaaaaally think TUES is overvalued at, say, $5/share and must be sold? I'll answer for you: No. Just ride it out to $15, $25, $30, whatever. Maybe you'll just collect dividends and never feel inclined to sell TUES. Don't second-guess yourself.

    And remember that this advice comes from a master investor who sold SMRT at $1.01 on 12/31/2008.

    :-0

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TUES
16.75-0.39(-2.28%)Jul 25 4:00 PMEDT

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