Here we go again. Another nasty selloff in progress
I always have a hard time resisting buying the dip. Each time it drops, I figure the stock is that much more of a bargain. One of these days, I reckon, I will be finally proven right. Until that day, patience will have to be the key.
IMHO you watch this too closely, maybe "can't see the forest for the trees". Still basically going mostly nowhere, waiting for a catalyst, hopefully some new contracts that give indication that it could reverse the decline in sales. Until that or without that it'll probably do nothing or drift lower.
vjpj - I see it the way you do. Waiting for a catalyst. I will say that the odds are good that one will come but I see no need to risk my money on a good chance. I need a higher probability of success.
The fact that blueblood watches closely makes sense to me. He may catch that catalyst faster than we can, assuming it comes.
Forget the Forest... If you are long here you are a bagholder !!!! Did anyone notice this turd has been dropping for 2 years to 9 year lows...and your averaging down??? No one will ever call you stoopid.
The only thing that will keep this from going to zero in just a few more weeks is if they can find a decent CEO/management team (highly unlikely). The clowns there now have already shown how (in) capable they are. IMO