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Flasch186
11-08-2007, 01:54 PM
when I balked at buying guitar Hero 3 the other day, I decided to sell Gamestop (i couldnt be the only one) and that was a good call to sell at 58.

Today Im watching some very solid companies get hammered. Csco and aapl just to name a few...

My question is with a time horizon of the spring is now the time to get in or should I wait for more blood?

I also am playing the gamble on Siri to merge, and a TRUE flyer on WCG which just got raided by the feds. What Im thinking is that the company will have to pay treble damages and itll be 100 mill or so, which is nothing and the stock will continue it's rise. on the flipside if there are more shoes to drop I could end up washing out on that one.

Where do you stand?
st.cronin
11-08-2007, 05:07 PM
when I balked at buying guitar Hero 3 the other day, I decided to sell Gamestop (i couldnt be the only one) and that was a good call to sell at 58.

This is an excellent application of my one and only rule for stock trading: If the company makes a product you like and want to own, its a company you want to buy. If the company makes products you do not want to own, its a company you want to sell.
Eaglesfan27
11-08-2007, 05:12 PM
This is an excellent application of my one and only rule for stock trading: If the company makes a product you like and want to own, its a company you want to buy. If the company makes products you do not want to own, its a company you want to sell.

I generally agree with this rule as well - although I have made exceptions that have worked well, so far. I have very little useful advice as I'm a very conservative investor who is always looking at the long term investments, and I rarely take risks on the companies with clouds over their head.
CraigSca
11-08-2007, 06:07 PM
If you're looking at a 3-6 month scenario, I'm not sure a particular stock is ever a good idea. Like you, I'm conservative, but if I was looking to have all my money I'd go with a conservative mutual fund.
damnMikeBrown
11-08-2007, 06:28 PM
I've got a series 7, series 63, and soon to be 66...and I'm not touching this with a 10 ft pole.