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Security National Financial Corp. Message Board

  • elstockjock elstockjock Apr 18, 2013 1:16 PM Flag

    I'm at a loss

    having bought in at 8.40
    So my question for any unbiased investors is should I double up at 7.00 to lower my cost avg., sell all now, or just sit and wait???
    Scratching my head on this one.

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    • You are one of the lucky ones. This stock got a lot of us...and much worse than it's gotten you. Unfortunately, they are in the mortgage business and every company that has anything to do with mortgages, other than them, has had reduced earnings. While they reported good earnings, they were still reporting for December. Most of the companies reporting now are reporting on the first quarter. December is ancient history. Everyone is expecting earnings to be a catalyst, but they could even be a negative catalyst! I got out at $7.80 last time and am very glad to be done riding this ride. I tried to double down, average in, etc., and all I did was keep losing more and more. Definitely a value trap.

    • I think this is what is called a "value trap." I keep getting burned every time I double down on this sucker. Now I'm stuck down 30% waiting for the SP to match fundamentals. Next catalyst is earning in May (I hope). Short interest in 11% here, which is high imo. I wish I would have just taken my profits at 14.5 and moved on.

4.54-0.01(-0.22%)May 27 4:00 PMEDT