Noelbev1 - you see a few words from me and assume you know everything that went into the decision. First, when the stock was at 36 early nov. I had a few choices: sell, hold or buy more- right? I looked at the entire situation with teva and my port. I decided teva was too cheap. I may have been wrong t 50 when I bought, but I am not wrong at 36. So in reality, I invested in teva again by not closing my position. Plus selling and buying something else does not mean you found a winner. Being up 40% since then, is pretty good use of the money. Second point, during the time I held teva there were many head fakes, but I was getting the dividend so I waited. At the current price I had the same three choices as I had before. This time I decided to close. But thanks for your advice. How much does your investment letter cost? I would like to subcribe. what a RICHARD!
Van - you do realize companies do turn. I' ve made plenty of money in sirius, nok, rite aide, kresp kreme. But sometimes you get caught or are flat out wrong. Good to know you are never wrong. Ever thought about starting your own fund?
When you can buy dr. Dre beats headphones at Kohls, it is time to fold. I decided to take my medicine, which was 2k lost on 3k investment. I reinvesd the 1k in a company that will not be either bankrupted by 2015 or some hedgefund taking it out on the cheap. Either way, wishing and hoping will not bring this back. I've seen this before. This is not rite aid, which I rode from 3 bucks to less than 1 buck to where it is now. This circuit city. Which I rode to the bottom. Fool me once, blah, blah, blah. Save your powder for the next investment. This one is DOA!
Good luck longs. I am out. Waited way too long and decided to be one of many who has waiting to get whole in the 50s. Sold this morning before the normal late day selloff. This is one frustrating stock.
You seem really smart. What do you think bbry is worth?