It may be a down day tomorrow. We'll need to wait and see.
Lesson #8. DD is critical at this juncture in the market.
Look at the short interest on any stock you own.
Take a look back ten years to see where the price was back then. it may surprize you.
Look for the positive and negative news on any stock you own. It could be valuable. Not on web sites though. They have lots of negative and positive news that is biased for the person writing it.
The market is totally on a roller coaster ride for the upcoming QTR.
Never have less than 25% cash in your portfolio.
Never be afraid to take profits. Don't try to be a pig and hope for more if you have good gains.
An opportunity may present itself if given time. The cash holdings is as good as gold.
RAD is RAD and not connected to the other pharmacy stocks. Yes it can be an indicator of things to come, but at the same time it's a different company.
Since I'm a long term trader I added more at the close to the lows in the day.
I'm averaging down from another trade last week. Why? Because I believe in RAD for the Long Term.
Not next reporting period but out one to two years.
RAD will eventually return to it's high. When? I have no idea.
For those long term holders, I think you will do very well. JMHO
Today I bought a number of stocks I thought are in a turnaround. As I did this I sold some stocks that are at the point I felt should be sold to keep me at 25% cash. Why? To continue to buy those stocks that have great upside potential for the third and fourth Qtr.
RAD of course, was one of them. LONG TERM HOLD ONLY.
I mentioned this before but needs to be repeated. Watch the Europe close to get a sense on what the U.S. market will do. In the past the overseas exchanges will always follow the U.S.markets. But now we seem to follow the Europe markets into the close.
Also follow the money. If a stock has high volume to the upside, something is usually good.
If the high volume is to the down side then watch out below.
Now keep in mind that all values are predicated on total DOW or S&P up or down ticks.
Today was a great day. Tomorrow may be just the opposite.
Keep your head when everyone is losing theirs.
All the above is my own theory, and may not always be correct.
Ace, today was interesting in the fact that Rad recovered from it's lows.
Some biggy saw something in the numbers that were not that bad.
Although I must say my WBA holdings did do better and may have had an influence on Rad's price.
I don't know. I did buy 500 at 5.95 and another 500 at 6.00 yesterday I stayed away today.
As I mentioned in a response to your e-mail yesterday, I'm in AA.
Very disappointed in today's action to say the least in AA.
Too much negative news in the metals market but still strong in the stock.
Hope you did well today. As always,the market seems to surprize us all.
No uptick needed. Rules were changed, but need to be re implemented.
As long as a price of any stock continues to fall the shorts can continue to pile on.
Before, they could not short without an uptick in the stock price.
Spot on Ace. Yea I guess I did get in a little to soon. The shorts are having a field day with Rad as usual. I do think it is overdone and soon they will pile on once again as they always do.
Been buying more below six on a semi regular basis.
That 25% cash I always tell the board to keep will come in handy maybe sooner than later.
It will buy them more stock than they could have weeks ago. But they need to do their DD.
For myself I've been carefully purchasing shares of my most trusted stocks that have weathered the downdraft. AA has been one of them especially after they have announced the split of the company. Been in it for a long time ever since F had decided to go all in with aluminum followed by other auto manufacturers.
I'm still trying to recover from my F and GM shares by adding to them at the lower prices.
They both give great dividends while I wait with my fingers crossed for higher prices.
Thank god I wasn't in Volks.
Good luck ACE, it's always great to hear from you.
P.S. I'm surprised you kept track of my trades in RAD.
I guess it's because you and I have been on this board longer than anyone.
Oh by the way, your not a pin head. Maybe a Parrett head. I'm one too. I love Jimmy's songs and see him every year where I live.
Well it's time to buy another 500 shares in RAD.
In fact I added to my recent purchase at $7.61 and added another purchase at $7.50 in the last 5 minutes of trading today.
For now I'll wait to see what next week has to offer.
Yes RAD could go lower but my money is saying it will correct to the upside. When? It's any ones guess.
I've been through this many times in the past and as a LONG term holder I'm holding on.
ACE, you have been knocking this stock as long as I've been buying it.
You know the routine, it will recover from this perceived short fall very soon. It was oversold today.
My best to you.
Gross earnings were fine with me. Even better than I expected. The profits were lower than the market liked, but RAD has been spending dollars where it makes sense for it's future.
I've been in this stock for so long I can appreciate it's up and downs during these qtr'ly reports. Most of the time it is a great time to buy, if it goes down, about 5-7 days later.
Late comers to this stock have to realize the pressure this stock has from the shorts.
They consistently sell the stock to get the maximum price from the fall and then hop on again in a short time to drive it up. And low and behold they do it again and again.
For now, after today's purchase, I'll wait until mid week next week to buy or not.
For those thinking about buying more or purchasing the shares for the first time, I suggest doing what I'm doing.
Don't get too anxious just yet and just wait.
P.S. I've been a combat veteran in two wars. Why??. To protect America and to protect our rights as americans like our Constitution states.
I have lost many of my brothers in combat and they all, everyone one of them, if they were alive, would say the same thing.
GOOG don't give in. A search warrant for probable cause is the only reason for going over someones messages.
Our gover nment continues to invade on our pri vacy. Someone needs to stand their ground and say enough is enough.
If I didn't spell the words above incorrectly I'm sure I would have been tagged.
Maybe I'am anyway. I don't care. Our civ al rights have gone down the drain since this gov er ment has been in office. It's time America stands up and say's I'm not taking it anymore.
GOD BLESS AMERICA.
Sorry you lost everything hillary in the BK of GM.
Like you, my company went BK as well. But there was a big difference. I learned long ago that you should never put all your eggs in one basket. Yes I lost money, but I was diversified so the pain was much less than my peers who lost everything.
I don't condemn GM or my company, #$%$ happens when you play the market or your 401k or whatever.
I'm in GM, F and Mercedes for the past 8 months.
I love everything these car makers are bringing to market to advance safety. This alone is a big deal for those that have cars and trucks that are so damn old and unsafe.
My present car is a 2004. I will be buying a 2016 shortly.
I wont tell you what brand, but will tell you don't blame or hold back on any manufacturer's brand for spite for an investment. They also pay great dividends.
albert, I've been in RAD long before others on this board. Five plus years.
In the last year more than before, RAD has made some great moves for the FUTURE. Maybe not this qtr. and the next reporting qtr. and maybe longer but I expect the reward for higher appreciation will come. Long term I'm here for a few more years. I have always looked for broken down stocks that look like the diamond in the rough. RAD was one of them. I have done very well with RAD but like all my stocks I'm never hesitant to take profits as I have done with my purchases of RAD below a dollar.
As i stated earlier if RAD drops more than 5% tomorrow I may be adding to my position.
Be aware, since you have been following RAD, that these type stocks have a great number of shorts that follow RAD. They will pounce on the shares and could drop them considerably.
As far as your local RAD is concerned there are over 4000 more stores, and many of those could do well.
As you said, wait until after earnings.
P.S. I hope you are getting some rain.
Just go there wherever your GJ lives judie.
Life can be short and I'm sure he or she would to to see you.
Oh I see buy this dog has sent a message. Too bad, buy this dog has been on ignore for many a month now.
judie, thanks for the comment. Sorry you didn't see the LXRX comment I made. But it's still very speculative. At our age 25% cash is the minimum to hold. The whip lashes in this market and the talking heads saying to buy and others to sell on a daily basis can send us to an early grave.
I'm not too far from you at age. Had two more grandchildren in the past month.
It keeps me young.
God bless, stay young.
By the way, unlike ACE I never recommend a stock. But a few months ago I mentioned on the board to look at LXRX. Not to buy but just watch it. Like RAD I said it could be a diamond in the rough.
I also mentioned it is speculative and you could lose sleep over it if you play with funds that are earmarked for other things.
Did anyone on the board take a look at it or bought any shares back then?
P.S. Long, long time holder of RAD. A diamond in the rough.
Also if, and I say if, the earnings aren't great don't get scared out of the stock. Our day will come eventually for the long term holders. Not the day traders.
No I phone 6 + for me. I'm buying the 6s++. It wont fit in my swimsuit.
A thousand?? Wow.
For now I have both but agree the future for GOOG is pretty impressive.
Long term holder in both.