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An educated guess. I think this stock is easily manipulated and today they pushed it down, stoploss to kick in. I put a good till close order at $7.70. I do not expect to fill but I did not expect to get todays order filled so we will see.
Do we close above $8?
I say yes!
I said this on another post but I do far better when I buy something scary than when it feels good. This trade is a lot of both. A solid company with a 7+% div. I do not post much but I go to the board almost everyday to hear what other people are posting. Jugs is always detailed and the info he brings is really appreciated
I thought I was done buying but I could not pass up a break under 8. Got my order filled at 7.83
IMO, we clearly have manipulation. Firms shoving the price down to close out short interest and/or driving the price down on a low volume stock to make a killing in the next few months. I do not know if I am happy with the price move but I am taking advantage of the artificially low price.
I will take it
I think one of the things that happens is people (including myself, sometimes) consider the value of the stock based upon what was paid for it. If I look at ALDW at the current price, would I buy it? Yes, I would. 6% div and a limited downside in stock price. Over the next year I feel strongly that we have a much better chance of being up $5 than being down $2.
Thanks Jugs. I am still in it. At least we got a dividend. It was nice to see the run at the end of the day. One thing I will say, the stocks I have made the most money on, were not in favor when I bought them.
True but its not on big volume. One of the problems when owning a stock that trades 200k shares a day, easy to push the price around. Lets see how it closes
600 @ 8.67. Probably crazy but that is what I did
Who is buying at 8.61?
Thanks. Appreciate the info
Short interest.
I would be interested for people to comment on the article that discussed the high short interest % on ALDW.
It's never easy is it?
Nice little push up. I am holding 3,300 shares. Still ooking at some of Jugs other picks.
We do seem to have a level of support. Keep waiting for some news to come out from ALDW
I agree with everything you are saying. If we get a drop another drop, I will pick up another 500. I knew I was probably jumping in a day or two early but I figured that 3-6 months from now, I would be happy with the purchase. I still have some dry powder so we will see if I get another opportunity to get more at a better price
500 @ 9.35. Will buy more if it breaks below 9
Order back on
Thanks. I will look at this stuff over the weekend. I kept my $9.30 buy on. If I get there today, great. If not, will put it on again Monday and Tuesday.
Jugs, what other stocks do you like? I am almost all real estate but see buying opportunity. If your would not mind sharing some tips and I will look at them this weekend. If not, no problem.
Thanks Shawn
If we do not get it today, maybe Monday. I am surprised it is holding up as well as it is.
I also placed an order but at $9.30. While ALDW has nothing to do with the EU, my understanding (which is limited) you have a EuroDollar correlation and as the Euro gets weaker, oil gets cheaper. But, we also know, someone (Big) out there like ALDW and likes to push the price down so they can pick some up. May not hit my price but I am hoping.
UPDATED
Somebody knows something. Lots of manipulation of the price. Buyout? Better than expected dividend? We live in a crooked world but at least I feel I am on the right side of this one
Can of glad I was working in the yard all day. Thought it was a misprint when I saw 2 million shares traded
Thanks so much. I will give it some serious thought and continue following your comments. Honestly, stocks are not my primary investment tool. I do not want to say it is a hobby and I probably know more that the average person but most my money goes in to real estate in Hartford, CT (Apartments-West side ONLY) and South Portland & Portland, ME (Residential Vacation). For what it is worth, I think those areas still have solid upside for investment.
I do appreciate all of the advice.
Would not be surprised if you are correct on the $20. The reality is, I will hold for a while but if it hits 20, probably take my profit. I like this stock for the long term and hold some in my IRA
I appreciate this thread. So many pump and dump threads all over. I have no idea where ALDW is going in the short term. For all I know, GS and others have added to their position in the last two days and the stock will settle down and pullback a bit, or it could run. If it pulls back, I will add a bit more but I am happy with my position and will hold until it hits $20+.
I wish I would have gotten all of my ALDW at $9.26. I have 2300 shares now at a cost basis around $11.25. I like the fact that GS, Freestone, GSA and others increased positions in the 1st qtr. I think this stock is a huge sleeper pick and cant wait for the payoff. Maybe it breaks $9 and I will add if it does. Not expecting much in the next 30 to 60 days but I just flat our love this stock.
Just added 300 @ 9.26. Grateful for the pullback. Hope I stay grateful but we will see. I am in for the run up.
This thread is a little gem. Finding a good honest discussion is hard. No pumpers and dumpers, just real opinion. I have 2000 shares of ALDW at an average of $15 or so a share. After last years qtrly div, I am a bit under but not much. I really like ALDW and the management.
I just wanted to make a quick post to thanks the folks that post here