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Rent-Way, Inc. (RWY) Message Board

  • rwyinvestor rwyinvestor Jun 6, 2001 4:29 PM Flag

    I tried to tell you.

    To all of you who are watching this stock run away from you, I said on May 24th after an 18% decline from $8.10 to $6.50 that "If you think you will buy in lower, you will probably miss the opportunity."

    Now RWY is not only back to $8.10, but it is at $8.62 (33% gain from $6.50) which was a high close for the year - and is on the edge of breaking out.

    Of course it could drop back again to $7, but unless there is horrible news at some point investors are factoring in everything that has happened in the past and, like me, couldn't care less. Like I said before, 1998 might as well be 1492.

    Happily taking my chances.

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    • Rwy investor it actually pulled back as low as 5.88 or so back in may, and that is when I was considering buying more;however, no money in the account at that time, and now have the cash in there and it takes off.. ohh well.. I got some at $7 back in Feb and was hoping to pick some more up in the 6 range on some averaging down but it is taking off and I do not know if it has that big of a drop it in it, unless we really get some bad news..


      • 1 Reply to BumbleB572
      • bumble I was referring to all those who bailed out on the "bad" news for previous years on May 24th. I felt that was seeing the news the wrong way and it was a golden buying op.

        Yes it may pull back to those levels again on really bad news, but if the news is that bad, you probably won't buy more anyway. The time to buy was May 24th and the reason was to view the past sins as tomorrow's comparisons.

        Happily taking my chances.