10 bagger Monday, November 14, 2011 4:54:03 PM Re: Rawnoc post# 943 Post # of 2264
SPIN..$0.83.. It appears that anyone that sold SPIN today was a complete idiot according to one poster on the SPIN board.. As I sold my entire position today time will tell if I just had a laspe of memory or if what I have and others have found from DD is a reason not to own SPIN any longer..
My reason for selling was simple,, Shares continued to be traded as before below the actual offers on the electronic system and today's action seem to be more like a distribution of shares rather than acknowledgement of the earnings report.. Not a P&D by any standard but a continued selling into any bid presented causes me enough concern to move on.. I will continue to Mod. the SPIN board as I do believe that the SPIN model will work over time but still has much tweaking needed to work..
Also it has been troubling that earnings W/O having to pay salaries for services of some management needs a further discount in the PE ratio given SPIN by some.... hank
Raw
Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.
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