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re: Dollar Stocks

Posted on 8/12/13 at 8:00 am to
Posted by LSURussian
Member since Feb 2005
127265 posts
Posted on 8/12/13 at 8:00 am to
quote:

I wish I could have gone about 2000 shares at 1.80 today - it would have been a good buy.
Does that mean it's even a better buy this morning at $1.59?

ETA: make that $1.55.
This post was edited on 8/12/13 at 8:01 am
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89790 posts
Posted on 8/12/13 at 8:56 am to
quote:

Does that mean it's even a better buy this morning at $1.59?


Maybe. The stock is bottoming out for some reason. The earnings report must have been leaked, which started the downturn.

Having seen it now, in the opposite direction of projections (WHAT? Projections were wrong? Umpossible! ), I'm glad I didn't buy at 1.80 - but I still think it gets back to $2 in 6 months.
This post was edited on 8/12/13 at 8:57 am
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