You contradict yourself. You said the stock is up 400% and their stock buy back was a waste of money. I'll take the opposite view.
It is worth noting that there was that large 600,000 share buy today, and then this news.
Janus Overseas' (JAOSX) rating was adjusted for risk, slipping to Bronze from Silver. Manager Brent Lynn has posted impressive absolute returns in his more than 10 years in charge, but the chances he often takes to produce them--big emerging-markets stakes and leveraged turnaround stories, for example--have worked against the fund in recent years. Lynn invests with flair and conviction, but the fund is an acquired taste.
The sale may defuse a dispute between Russia and Belarus sparked by Uralkali’s July withdrawal from a partnership that marketed 40 percent of global potash exports. Boo Yahhhhhh
Sentiment: Strong Buy
Nice. I think this stock is a great long term hold. I made a bundle in GTAT, but when I saw this stock spike on the Apple/GT news, I knew the market had it right. That by association, RBCN would now be in the cross hairs for either an acquirer in need of a sapphire segment or just simply those that will require lots more sapphire for future products. After the spike and sell off, that's when I bought. Thanks to the profit takers who provided me a better entry price. Best of luck to all.
Sentiment: Strong Buy
Gerry presents good points. Average investors sell their losers at year end for tax breaks. Institutional investors will also sell losers for window dressing purposes. This happens every year. So I agree with him the this stock, if it moves up, will not happen until early January. So maybe you have have a better thesis loser dude?
OK, here is the real reason:
Aluminum Producer Shares Tumble on LME Rules
Well, it appears the problem with AA today as well as other stocks is the unexpected interest rate cut by the ECB. This will have a negative impact on US multi-national stocks, like Alcoa.
I bought 2 days ago when it made the big move up, thinking it was breaking out. I could see it going down today if it was going X dividend and the dividend payout was .53 per share, but that's not the case. Totally confused here.....
Solar stocks should remain hot.
What you suggest is Not a bad idea. And I agree, I would rather miss the shorter ride up than the longer ride down. However, there are exceptions. This "may" be one of them. We have the luxury of good news pour in from Chinese solar makers, SPWR earnings, and they all suggest GTAT will have good earnings. However, this stock has run high and hard and will get pounded on bad news. You have to weigh everything then lean the way which appears most likely. ps. I'm staying in.