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Office Depot, Inc. Message Board

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  • robertvendel robertvendel Jan 3, 2013 10:16 PM Flag

    What is causing ODP to Rise?

    Don't feel bad, I am stuck at $7.99 a share! Were you an owner in early 2010? I was way up at $9.19 and figured the next day when the report came out, it was going up more, than I would sell! Well, it was bad and dropped to $8.55 at the opening which I wanted to sell, but the net was down! True story!

    By the time I could get to my account, it was the end of the day because I was tied up and by then, it was down to $7.02 a share! I have been stuck ever since and the closest I came back to that was the $6.25 when all those BS rumors were out they were going to be bought out! So as you are doing, I am just waiting to get close to my number or even, then I am OUT for good!

    Sentiment: Hold

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    • Bought on a dip that keep on dipping. LOL

      $4.56 and holding. Had a nice little profit at $6.25, but I was at my son's home and we were out doing family stuff. It completely slipped my mind to set a stop.

      We have had plenty of chances to sell and buy back at a much lower price in the last two years. The problem is, once we sell, the loss is locked in. If the sum btchi decided to keep on going up THEN, we will be screwed. So, do we continue to hold and hope it will get back up there? Or sell, take the loss, and buy back in a a lower price? Or just get out while we still have enough money for a Happy Meal?

      This is only money, but it just ticks me off. It a good company with a management team that only thinks of lining their own pockets. They would probably do well in Washington.

      I would guarantee you that 99% of the people who post on this board do not own a single share of this stock and do not even know how to short sell if they could. These boards are for entertainment purposes only. Anyone who takes advice from anyone else on these board should not be in the stock market. Do your own D.D. If you can't, invest in bonds.

      Naturally, I hope YOU get your money back as that would give me a nice profit if it doesn't drop back below the stop I will put in as soon as I am in the black (if ever). :)

      Good Luck


      Sentiment: Hold

      • 1 Reply to justa_country_boy
      • I am in the one percent club with you, Mick. ( I own shares, too funny). Yes, when you are long on a stock those are your choises. But you left out the one I like, which is too average down on a stock. I bought over 11 lots over two years and my average is in the three dollar range.
        OPD, OMX and SPL all can move very quickly. Like I have said before ODP usally trades at half value of OMX, it will get there on day. (One way or another). Just my thoughts.

        Sentiment: Buy

6.75-0.16(-2.24%)Nov 27 1:00 PMEST