value investor journal

Discussion in 'Journals' started by indo, Sep 22, 2003.

  1. This is probably the most honest assessment of the situation. To be long this stock right now is trying to short term bottom guess. Without a stop this is an especially bad move. Preservation of capitol is king. Down 5% so far...what about tomorrow? Long term bagholder coming up?

    As far as the story about labor problems, their products, and what MCI might do....every stock has a story. Story=NOISE. Stories are for children. Enron had a great story right until the end. To try to guess what the story/news means for future price is nuts. What matters is price action. This chart looks horrible...ctrader has it right on.

    Specifically, I would have been short term short this stock at 9/19/03 at 7:30am at $35.35. Take it to the bank. End of story.
     
    #21     Sep 23, 2003