I bought due to valuation and earnings growth and both look great....yet this stock drops 2% a day now for like two weeks....what's going on?Hopefully earnings(due very soon I guess)will give this a kick in the butt and resume it's upward trend...this one should easily be 30 now.Any opinoins out there?
I'm a financial trader, not an investor, if you invest in this it should do well in the long term, it went up real far real fast, it was due for a pull back, I may be back after it hits a bottom and starts to rise again, there are 10,000 stocks out there, I don't get mired down in any one. If I were an investor I would not have much problem holding this one, there are always ups and downs inthat game though, however your not bogged down by the constant analysis and in and out plays. I just went back into LL today, it sold off 20% or so and is now resuming its climb. As Joe Kennedy in the 1920's I never hold out for the last dollar.