Speaking of oil ACE, I did tip my toes into some XOM, CVX and BP today along with a few others.
It may be a mistake but I'm willing to wait a long time.
You too have a blessed weekend.
Me, I'm just visiting with my children and playing with my grandchildren.
By the way wildone is now gone on my board.
Name calling is never something I will allow on any of the boards for the stocks I own. It's disrespectful to all other contributors. Every comment and question should be appreciated and respected.
You to ACE. Always great to hear from you.
I believe what you say. Sorry for that comment.
You are on ignore for never contributing anything to this board, and for calling names that are never appreciated on any boards.
What you do is stop the freedom of expressing opinion by others. I'm sure you do the same on other boards as well.
Also, ACE may be wrong on many of his posts but he is not a village idiot.
Both he and I have been on the RAD board for over 5 years.
I've never put ACE on ignore only because I appreciate his comments no matter what name he uses.
For you Ms. goodby.
I believe if it can get past 9 and hold above it through the day then we have more upward moves ahead.
If you read a previous post I made regarding stop loss positions then you can understand why I don't do this.
I do expect RAD to hit the 9 print soon. If not today then next week.
Thanks. Looking forward to it in the morning.
But as I have said before, these monthly reports are the pits.
There is only a miniscule of company's that give monthly updates.
Whether they are good or not it doesn't give an investor the tools to judge the long term moves of a stock.
For the long term holders it's only a buying opportunity if it's bad.
If it's good it just proves our point on future valuation by staying long.
Thanks for the thumbs down ACE. We can always count on you to do this if anyone has a positive message on RAD.
RAD has done very well this week. Good volume with the upside stock price. As you know I started buying more at $8.50 and added more today.
Now of course the market has run up also. Maybe dragging RAD along with it. That's the chance I took. But I feel RAD was not TOTALLY moved up this week by the market advance but it's own fundamentals.
Time will tell if my theory is correct.
I look at companies that spend money on R&D as well as purchase companies, at a reasonable price, to enhance their future possibilities to enhance stockholder appreciation. RAD management has done this over the past few years.
As a Long term holder in RAD I never give predictions on where the price may be in the future.
That's a fool's game for short term traders but not for those that hold long term.
And yes, RAD can cause you to wish you sold earlier at times. What stock hasn't.
Last but not least I always end with the suggestion you always keep 25% of your total portfolio in cash.
Why? Because you never can tell when you need it and forced to sell good positions.
Also like I did this week, I put some of my 25% cash to work on stocks that were oversold.
But I'm back at 25% cash as of the end of today's trading.
There are some of you on this board that may disagree. That's what these boards are for.
And I always look forward to the disagreements. It's always educational for me other than ACE.
But I do have a great deal of experience trading. In some cases more years than some of you have lived on our glorious planet.
Good Luck and Good Night.
It's a LXRX problem, as in the past you wait and wait for expected news that never seems to come.
so the short term traders get antsy and bail.
It's like watching a pot to boil.
Besides that, LXRX has disappointed it's investors many times in the past.
P.S. Been in LXRX for a few years.
The trade @$8.50 worked.
Sold some other shares yesterday that had some great profits, so I'm back at 25% cash.
It's a fools game and the percentages of success is less than 50%.
So what should you do? Never make a trade until at least one hour after market opens.
If your scared then put a stop loss on your holdings. How much for a stop loss percentage? That's up to you.
Although I never ever do a stop loss. Why? Because I've been stopped out too many times and saw the price rise back to the market price prior to what it was prior to being taken. The only thing you can do is hold them or reduce your total holdings.
Lets take tonight as an example. The after hours trade at this time shows RAD down 7 cents.
Anyone who has a stop loss at this price has lost their shares. Even though you don't trade after hours.
So lets see where RAD is trading one hour after opening tomorrow.
I'll take the above 50% odds that RAD recovers from the 7 cents drop one hour after opening in morning trade.
I did so by picking up another 500 @ $8.50.
So for now I'll need to wait to see if it was a good move on my part. Even if it goes down more I won't look back due to my expectations of better times ahead.
P.S. As a reminder, I do not want RAD to be bought out. There is just too many smart moves management has made to date that can be very fruitful in the future.
VCTR. Nice response.
When My wife brings home 15 plastic bags of groceries It only takes me two trips to the car.
I would just imagine how many trips it now takes for GOVT. controlled Californians to sluff all their stuff up 1 or more flights of stairs.
Of course this is not RAD's fault at there stores.
I don't know why regaid brought it up.
As far as saving trees, paper bags far exceed a foot long receipt.
Yea, I'm starting to feel the same way.
I'll sweat it out a while longer. I still have gains even if it drops more but have my finger on the trigger.
As you know, what will help a great deal is they start giving back some money to the holders and stop spending money on things that may never pan out in our lifetimes.
But I'm a long term holder and added more today. I may be a fool, but time will tell.
I bought more because I feel strongly about the new CFO.
She has the experience and the balls to turn GOOGLE around and the ability to convince the owners and the board where they should be heading.
I'm all for her and trust her to do the things.
The fall was all due to the market action. RAD stayed in good shape until the market took another 50 points down.
I'm not disappointed on my trade at all. In fact I felt it was the right time to add to my holdings.
P.S. very long term holder.
I have my fingers crossed that GOOGLE will announce a dividend. If it happens this could move the stock back up to $700 plus.
Just wishful thinking on my part.
Non the less, it would be time to distribute some of the cash to holders of GOOGLE.
Bought more today.