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Briggs & Stratton Corporation Message Board

  • mplsdothemath mplsdothemath Oct 22, 2004 12:30 PM Flag

    which I'd pulled the trigger

    Had my hand on the trigger at 68 yesterday and couldn't get myself to do it. Bought at $71 earlier in the week and wasn't willing to average down - such is life - still nice to see the rebound 'upon further review'

    I should have trusted my calculator.

    Nearing $73 at 11:30 CST.

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    • No one can time the bottom perfect, but
      you did pretty good. You made
      some good money the last couple of
      weeks on that dip. I think there is
      more to come for BGG.

      Another that is forming a bottom and
      starting to look attractive is MRK.
      They have some problems with taking
      Vioxx off the market, but could turn
      out to be a sound investment at the
      right price.

    • Well I'm glad I did pull the trigger at 67.40, I needed to average down and now I am in a much more lower average price and I am also very glad to see the rebound. Charts were definitely saying this puppy was way over due for a bounce, how much??? I don't know, I'm not that smart...

      • 2 Replies to zea62
      • Well I'm glad I did pull the trigger at 67.40, I needed to average down and now I am in a much more lower average price and I am also very glad to see the rebound. Charts were definitely saying this puppy was way over due for a bounce, how much??? I don't know, I'm not that smart...

        ------------------------------------------------------------------

        Well, if you look at stockconsultant :
        http://www.stockconsultant.com/consultnow/basicplus.cgi?ID=sample&symbol=BGG&597
        74


        You will see that the upside trade possibilities even now remain favorable.

        Downside trading even at the current level remains poor.

        Based on the fact that this stock dropped somewhat unexplainable the last couple of days (I would guestimate emotionally driven) I would expect a rebound to at least resistance level 75.6 pretty fast and even wouldn't be surprised to see it close the gap again in a couple of weeks time. This based on the fact that BGG never stopped being a financially sound company.....

        All IMO.

        Cheers

      • Congrats on the cajones. The only thing that stopped me was the spector of Cendant a number of years back. I bought on a big drop ($35 to $22 I think) only to find that the books were really cooked ($8.00 at a later point). It's still now only at $21.00.
        $73.00 and climbing - $67 looks like a genious move right now..

 
BGG
19.90+0.09(+0.45%)1:47 PMEDT