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Office Depot, Inc. Message Board

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  • justa_country_boy justa_country_boy Jan 4, 2013 11:58 AM Flag

    What is causing ODP to Rise?

    Bought on a dip that keep on dipping. LOL

    $4.56 and holding. Had a nice little profit at $6.25, but I was at my son's home and we were out doing family stuff. It completely slipped my mind to set a stop.

    We have had plenty of chances to sell and buy back at a much lower price in the last two years. The problem is, once we sell, the loss is locked in. If the sum btchi decided to keep on going up THEN, we will be screwed. So, do we continue to hold and hope it will get back up there? Or sell, take the loss, and buy back in a a lower price? Or just get out while we still have enough money for a Happy Meal?

    This is only money, but it just ticks me off. It a good company with a management team that only thinks of lining their own pockets. They would probably do well in Washington.

    I would guarantee you that 99% of the people who post on this board do not own a single share of this stock and do not even know how to short sell if they could. These boards are for entertainment purposes only. Anyone who takes advice from anyone else on these board should not be in the stock market. Do your own D.D. If you can't, invest in bonds.

    Naturally, I hope YOU get your money back as that would give me a nice profit if it doesn't drop back below the stop I will put in as soon as I am in the black (if ever). :)

    Good Luck


    Sentiment: Hold

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    • I am in the one percent club with you, Mick. ( I own shares, too funny). Yes, when you are long on a stock those are your choises. But you left out the one I like, which is too average down on a stock. I bought over 11 lots over two years and my average is in the three dollar range.
      OPD, OMX and SPL all can move very quickly. Like I have said before ODP usally trades at half value of OMX, it will get there on day. (One way or another). Just my thoughts.

      Sentiment: Buy

      • 1 Reply to sidneydane
      • If I could have afforded it the past two years, I would own several times what I do now. I have my money tied up in other stocks and just didn't have any to average down in this one. You know what they say: Sthi happens. :)

        I still think it is a good company and would do well if they would get out of the BC #$%$-deal they are in, and get a management team that is more concerned with the company then their own bank accounts.

        Sentiment: Hold

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