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IBDvalueinvestin (99.68)

Momentum21

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May 10, 2010 – Comments (6)

What happened to me on Friday was that after  seeing no rebound from Thursday action on Friday. I turned bearish thinking maybe people in the know have some kind of info on what the Europeans were going to do on Sunday night. I came out thinking they were not going to come together and save the European countries in trouble.

I was wrong, and I will kindly revert back to a bull.

6 Comments – Post Your Own

#1) On May 10, 2010 at 10:21 AM, IBDvalueinvestin (99.68) wrote:

Bloodbath knocked down stocks in a big way.

ISSI from $13.93 to $12.62

STP from $13.77 to $10.49

CRUS from $13.39 to $10.52

CAGC from $17.30 to $13.55

 

That was one of the fastest drops in stocks in the shortest period since the terrorist attacks.

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#2) On May 10, 2010 at 10:23 AM, IBDvalueinvestin (99.68) wrote:

Correction ISSI from $13.93 to $9.62

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#3) On May 10, 2010 at 10:27 AM, Momentum21 (96.14) wrote:

Hey man, I didn't mean to offend you...hopefully none taken.

I do follow your posts and was legitimately curious as to what had changed in your thinking...I am bullish but very open-minded (at least I would like to believe that!)...

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#4) On May 10, 2010 at 10:33 AM, IBDvalueinvestin (99.68) wrote:

I am loading up in real life right now in both STP and ISSI

Both are down much higher percentage than the average stock during the recent meltdown last week. So usually what goes down the fastest goes up the fastest in a rebound. Especially with the raised guidance bothe stocks have put out.

http://finance.yahoo.com/q/ae?s=ISSI+Analyst+Estimates

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#5) On May 10, 2010 at 10:41 AM, IBDvalueinvestin (99.68) wrote:

LOL, as soon as posted about loading up on ISSI it goes down, $10.47 to $10.28, thanks to whoever shorted I am able to get this at almost Friday's bloodbath price.

Its a $10 stock with a .40+ eps est. for current qtr.

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