Hurn!

Discussion in 'Stocks' started by NoDoji, Jul 31, 2009.

  1. zdreg

    zdreg

    the key is to act when the bottom is in. not that easy as recent posts have shown.
     
    #11     Aug 3, 2009
  2. mililani

    mililani

    I've been doing some research on blow ups like this. Usually, companies whose stock declines 50%+ in one day with sufficient market caps tend to do ok over the year; the caveat is if it's related to a major accounting scandal. Those eventually go bankrupt or trade down 50-80% more. I would just watch this one from the sidelines and see what it does.

    50% down from an earnings or revenue misses tend to outperform in the next 6 months.
     
    #12     Aug 3, 2009
  3. mililani

    mililani

    I meant to say if it's NOT related to an accounting scandal.
     
    #13     Aug 3, 2009
  4. This could pretty easily sink another 50% but I bought up- looking for a quick morning pop-

    NYCDT
     
    #14     Aug 3, 2009