Obviously, I did when the trend was continuing downward week after week with no news on horizon and some insider selling occurred. You have to stop the bleeding eventually.
Still no news, yet on June 13 is was labled "Trade of the day" at Investor Place due to spike in Oil prices. Here is the recommendation:
"Today’s trade is in NuStar Energy L.P. (NS), a large-cap energy master limited partnership (MLP) that is in a strong uptrend thanks to the spike in oil prices and a general trend in capital flows towards dividend payers (NS has a hefty 7.3% yield). Here is my recommendation to take advantage of NuStar’s strength using call options.
Buy the NS Sep 65 Calls at 85 cents or lower (NS’s stock price closed Thursday at $60.25). After entry, take profits if the stock price hits $63.20 or the option price hits $1.60. Exit if the stock price closes below $59.60 or the option price closes below 60 cents. Note: This is a relatively thinly-traded option chain, so you may need to be patient to get established at my recommended entry. Avoid buying a large number of contracts at once to prevent wild price swings; instead, enter your orders in smaller lots of five or 10 contracts"
Stocks don't always follow logic.
Also, I posted below that this company is a prime takeover target by EPD. Motley Fool just echo'd that thought in an article today as follows:
" While Targa Resources Partners' recently rumored deal is said to have fallen apart, its strong asset base is likely to bring another suitor very soon. In fact an ideal candidate, in my opinion, is Enterprise Products Partners as it could really consolidate its position at Mont Belvieu as well as in energy exports while at the same time adding Bakken Shale assets to its portfolio. With Targa Resources' now back on the market, it might be time for Enterprise Products Partners to take a look. "
Most of us have really booted a stock in out past. I was holding a large amount of VPHM years ago and dumped at the low. It was bought out this year.
LOL LMAO HAHAhahahaaaaa.....
How does the FOOL even know how to trade AH???
I bought a bunch more at $31.01.......................This IS A $40 Stock !
and more Important MU's positive announcement! I bought as much as my personal guidelines allow and will take profit at $33!
Sentiment: Strong Buy
Good call! And I'll do what I've done since low 20s. Buy 2000 on dips sell after $1 gain. Butta Bing Butta Bang!
So many of the Poster do not understand these 10b-5 programs. David wanted to cash in some of his shares to improve his lifestyle. Why not? Maybe he doesn't want to wait another year to buy that summer home, sailboat, etc.
I've been in and out over the past year, but I'm rebuilding a position this month and just added again at 31.85.
It now 7.65. This stock loves to get your hopes up.... then does is slow fall down...
I've done it 8 times yesterday and today...... I'd hold but I keep thinkig a sell off is in the cards.
This is a harder way to make money than just holding!
I've no reason to lie. I simply think the stock is over bought. I would have been in all day today if I hadn't had a SELL order go through after hours (that was a Novice mistake)