I have to confess, I've done the same, I guess most of us have. You see a stock creeping up and want to take advantage of the momentum without fully understanding the fundamentals. That's cool, but you have to be prepared to suffer the consequences when you do this. The best thing is to sell and minimize your loss and move on.
Not a good investment strategy. You work hard for your money and should only invest in companies you understand and believe in their business model. Do your due diligence and research and only buy once you are convinced that the company you are investing in meets your investing goals. That means you need to do some work by setting goals and finding companies that will allow you to reach those goals.
You may be right, it looks like the market is speculating or word has leaked out that numbers are good.
Sorry danboy, I'm not making my investment decisions based on what I read on message boards. Do your due diligence, make your own decisions and read the boards for entertainment.
You are a very bad man. Writing all these comments and getting these good people all angry and excited. Keep it up, I think it's hilarious!
Investing 101 - If you shorted this stock, good for you. However, all of the rants in the world won't influence the share price. even if it did, there aren't enough shares held by people that read this board to make a difference. Retail shares are a drop in the bucket compared to the institutional buyers.
And you're this rugged individualist who just graduated college and has all the answers. You need to save your rage for something that really matters instead of a silly shoppers card that everyone has a choice to either sign up for or not.
Share sales volume up 19% over the daily average today. Continuing strong in after hours. This type of volume may mean that institutional funds are buying these shares. These people are master manipulators who know how to increase equity for their funds. Just hope there isn't a sell off before the end of the year in order to lock in 2013 gains.
That reality didn't just surface in the last couple of days. There must be something else driving this dramatic climb?
Agreed, you are far smarter than I for riding this stock down to $5.97 rather than putting a stop order in for $6.75 and protecting my capital. After reading your posts on this board and the NCT board, I thinks it's best for me to put you and your advice on ignore.
I am buying on the dips and re-investing my dividends to build my share count. Am also considering selling some covered calls and using the proceeds to buy more shares.
NCT is going to spin off their media holdings in the first quarter. When that happens, I would expect the share price of NCT to drop as it did when NRZ spun off. If I sold $5.00 covered calls couldn't I pocket the premium without fear of the share price exceeding $5.00?
There are no take backs in life or investing. I think your credibility took another big hit on your latest panic-post. You've earned a spot on the ignore list.
Sentiment: Strong Buy
Based on my limited math skills, I came up with $5.25 after dividing the proceeds by the shares being offered. Based on past history, I think these shares will sell quickly and $5.25 may not be available to small retail consumers such as myself. I can only speak for myself, but I am looking to purchase as many additional shares as I can at $5.30 - $5.35 in the next couple of weeks or so.