Wed, Oct 22, 2014, 3:12 AM EDT - U.S. Markets open in 6 hrs 18 mins

Recent

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

Doral Financial Corporation Message Board

  • sfwit sfwit Sep 12, 2004 10:32 AM Flag

    DRL buyin and selling

    Always liked DRL on fundamentals.
    Last sold for profit in July at 36.
    Have not been able to get back in due to steady increases.
    Seeing lower wolume last couple of weeks so a decline to the 50 day at 38 is a possibility. In that area I would buy again.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • What I am doing is looking for other multiple 10% gains in a market that is trending up slowly and in a dangerous September/October period.
      So I took some gains in DRL and applied them to FCFS, KCS, CMN, etc.
      I feel comfortable doing this since I think they are fundamentaly great stocks and will have an upward bias even in a slightly down market.
      I will be happy to do it again for DRL assuming it drops back to the 50 day area.
      Regards,
      Steve

    • Mike: I know -- what I was questioning was why a long-term investors would even do that (wait for a dip). I strongly believe that I have absolutely no idea which way any stock will go in the next day, week or month, but I do know that this particular stock will be solidly up in a year. I would hate to miss out on those gains because I was waiting for a $1 cheaper purchase price. (This observation was only meant to be a passing comment, but I obviously didn't explain myself very well.)

    • Excellent post. One of the best I've seen in quite a while. It gets to the heart of long term investing: If you like the fundamentals, you buy and you hold until the fundamentals change or you have a significant weighting problem. You don't take a profit otherwise. If you do, you may have difficulty re-entering.

 
DRL
5.77-0.39(-6.33%)Oct 21 4:01 PMEDT

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.