Primerica has to be one of the most explosive stock I ever had the pleasure of buying. Since the IPO start price of 15 dollars spring of 2010, the stock is now 25 dollars a share an is on the rise.
Yes it has resistance, I think all stocks have that. But when you talking about a company that has 6 billion dollars in assets, the stocks will be bound to rise. I do understand why some people may want to trade.
I am just one of those trades that stay in the trade for the long run because with my experiences I have made more money overtime staying with in a trade with a company that makes more money then it spends.
Yes, that strategy worked well with WAMU and Enron.
ps: I don't see the point of your post. Is it supposed to be a recommendation to buy PRI now or are you simply boasting? If it's a buy recommendation, PRI is too risky at this point, and if it's boasting, I can see in the chart where IPO buyers took a lot of heat and suffered significant draw down. Either way, I am not impressed.
Yes it has resistance, I think all stocks have that. But when you talking about a company that has 6 billion dollars in assets, the stocks will be bound to rise. I do understand why some people may want to trade.
I am just one of those trades that stay in the trade for the long run because with my experiences I have made more money overtime staying with in a trade with a company that makes more money then it spends.
How much is 2% (management fee) of 6 yards? And what are the prospects of that amount to increase?
