Long 3,000. I often buy stocks when they go into NEW HIGH GROUND.
The majority of investors won't buy names when they go into NHG. That price action brings me into those names like a moth to a flame!
This was one I bought some time ago when it went into NHG.
FARO was another I purchased that day. Look at the news on FARO this week!
XERS caught some bids yesterday as well.
Yesterday WBD had a corporate announcement that might bring some attention to the name. Time will tell; it's been dead money for a long time, and I own it by default. It wasn't a name I purchased, only one I inherited with the buffoonery from the nitwits at ATT. Does anyone know if the HBS case study on the demise of ATT has been published? I think it is called, "How Texans eradicated a FORTUNE 10 company's value by billions and cut shareholders' dividend income". A conservative estimate of ATT shareholder assets squandered specifically from the Time Warner merger ranges from $40 billion to $60 billion, with the higher end reflecting the difference between the acquisition cost and the spin-off value, plus associated market cap erosion. The lack of a single definitive figure stems from complexities in isolating Time Warner’s impact from AT&T’s broader media strategy and market fluctuations.
Been off the desk most of the week, and it's fun to check in when the screen is green.
Remember kids, this too shall pass. There's pain ahead, like there was from 4/2 to 4/8!
If it were easy, everyone would be rich.
Most investors don't want to do the work. I am in MARKETSURGE again this morning doing the work and enjoying my coffee. Maybe I can make a few bucks before June Gloom in San Diego and I cut risk for the summer. Why shouldn't I take the summer off?
My golf game needs work.
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