let me preface this with "I believe that" .. the stock market is an imperfect democracy, you get to vote with your money. It's imperfect in that someone with more money than you has a greater vote. There are various ways to attempt to value the stock of a company, numerous types of analysis... but a stock goes up because there are more buyers than sellers and a stock goes down because there are more sellers than buyers, whether they be right or wrong. A long term hold strategy can work. We all have different styles. For the most part, all I do is turn over paper. By that I mean that I look for a stock where the sellers are exhausted and it looks like the buyers will have the upper hand and vice-versa. On that note I just bought some Extendicare. The biggest problem for NOK is that it has come up against the law of large numbers. I could splain that but I'm not going to. Now, it's time to go shopping.
hey pmoll, ideas and opinions are like assholes--everyone has one. U are correct that we all play our own game. Guess it is only u me and the mutual funds that will be hanging around for the takeover in this stock. Enjoy your shopping trip, i turned a few more K around 18. For some of us it is a hobby and i have no problem looking after my own money and rather enjoy it. You can bounce any ideas off me just as I have in the past with u, with thanks. It has been a good year again. I personally dont have a problem with paying up to my brokers, those poor buggers have to make there way into the office each day. cheers
say ric, was that yu putting in that 45,000 share support bid at $18 yesterday, he he he sure marked a reversal, this is a great stock to chip away at down here... on the takeout thing, don't forget that Mel has piled up a heck of a lot of shares, so I doubt he sells the company cheap.