I hope your right. However, hope is not a strategy. They are not doing enough for shareholders. Not increasing dividend, not buying back enough shares nor fast enough, not selling off more unproductive units and keeping JI on board. They also have yesterdays PR and are not the number one company they used to be. I own a lot of GE and will hold but not add more. When it gets back to even I will sell. It almost made it but pulled back. No reason for todays pullback. The company does not back up its statements with good PR. Jeffrey must go.
I held for a long time and sold at 13.48. It promptly went up and has stayed in a range between the high 13 level and low 14 level. Mistake was listening to Cramer a week ago on a call in and his saying to the person it was not the time (not his exact words) to buy more and hinted it had reached a peak. I put in a S/L and for a few minutes it hit it. Promptly going back up. Lesson is using Stop Loss can get you your profit and stop a down side slide. However, it can also cause you to leave a lot on the table going forward. You have to be satisfied with the theory that you cannot lose by taking a profit. This is a risk stock and should be treated as such by understanding that you put money into it that you can lose. I usually do not use an S/L but reacted to listening to Cramer's remarks. The only person you should listen to is yourself and do your own dd. My reactive move cost me several thousand dollars. I am not unhappy as I made a good profit. However, I moved to fast.
I said I would buy back when OPK went below 14 but not just by a few cents. If it goes below 13.50 yes. Note it is down from 15 plus to below 14. Most likely those selling have some fear from recent comments. It is close to buy back now. This stock will go higher just not yet. Watch the opening price and follow your gut.
OPK will go up and down on its own merits and we all should do our own dd. We do not need Cramer for this stock or for any stock. He changes with the wind. He gives you target prices and always sells way before effecting the market with his thousands of boyah followers. Sheep are usually led to slaughter. We hear only from the ones who like him as he never lets anyone on air that has anything to say negative. I like shows like Cavuto who plays E mails both for and against him. Cramer should do the same with his call ins.
Well we can dream.
I could not agree more about Cramer. On Thursday night on a call in on one of his "Am I diversified calls he replaced OPK and hinted it was not going higher. He in the past had said Dr Frost and OPK were always a buy buy buy. He added to the downside after the open by his comments. Unfortunately I had a stop loss on it to preserve my profits. It just dipped below and then came back. To bad I did make good money but left that extra dollar per share on the table. My suggestion is two fold. Do not listen to Cramer and be careful on putting in a Stop sell ticket. I must say that this is the first time in fifty years of trading a stock that dropped that much recovered in less than an hour in my portfolio. Now lets see what he has to say tonight.
Every time it pulls back it goes up again. I have bought and sold it three times. Now I am not sure it will go down much. I own it and will stick with it this time. It has been a winner. Dr Frost is a winner. Just watch it and use stop sell orders when you own it.