Flowserve Corp. Message Board
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Bought 200 Shares @100.30
Bought 200 Shares @100.30..what do you think fellows?
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I think you've lost about $600....congrats
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good move. FLS@$97 & heading back down to the eighties
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think you are in good shape... I myself sre in @ 99.49... Fast Money gal said anything around 100 or less should have upside... We'll see.. Happy Trading!
- 1 Reply to lakehowell55
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Mine is at 99.5. For a $100 stock there is no practical difference. However, the chart shows 104 to 105 is the first support level. It was broken right away. 100 is simply a round number anchor. It does not have any true fundamental basis. It could re-test 90 if the market is bad.
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Should wait for bottom and move back up and never suppose a bottom is in. Hard to practice what I preach tho.
- 1 Reply to exsummiter
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On a good stock after a bad earnings call it's usually good
to wait up to 5 sessions before buying as a general rule.
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Good long term entry point. I prefer waiting for things to stabilize--you never know how low the market will carry this. the sell off was huge, and on very big volume, so it will take a few months if not longer for FLS to recover; a good next quarter will be needed. I'm waiting to see what S & P says.
- 2 Replies to ajsmd11215
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I am looking for a $98.50 entry point but cannot buy that many shares without selling something. I might have to dump some oil stocks that are going to be up nicely in the next couple years. Quiestion is cheaper entry to either one and looks like cheaper oil entry is better chance. I sold my Intc and can get about 80 shares at 98.50 and might not even hit that after undeserved drop. Good luck longs
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Yes, the next two years should see a VERY good rise in earnings - but this bad news has been coming for two full years. FLS is going to have some more poor financial results before the massive spend on oil infrastucture translates to shipments.
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