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Logitech International SA Message Board

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  • moobyet moobyet Aug 11, 2011 2:58 PM Flag

    PE is still too high to invest new money

    I am shocked. Out of 40 stocks I follow, this is the only one that is in red. The shocking part is that I had more confident in this stock than other 39 stocks. Something major, major is wrong when almost everything is up and this is so weak.

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    • Not really anything wrong with the stock, it's emotion primarily.

      Investors have gotten stung on this stock. If you are liquidating to raise capital to cover long positions then you sell your losers to keep your winners. Not too many people will turn right around a buy a stock they just dumped.

      I am still accumulating, I anticipate I will make at least 25% profit in the next six to 18 months.

      If LOGI starts buying its own shares again, or buying other under priced companies because they too have gotten beaten down, those who buy LOGI at these levels will be looking very good.

22.46+0.11(+0.49%)Sep 30 4:00 PMEDT