Thursday, May 29, 2008 6:00:09 PM
Of course I like number 1 the most but I guess I'd have no choice but to settle for #2, but with the luck we've had numbers 3&4 are'nt out of the realm of possibility.
Under scenario #2 I might take a bit off the table since I'm out of dry powder and need to put money to work elsewhere in some other stocks I own. I would hold onto most of my shares looking for the bigger POP to $2.
My conference call for FRPT seemed to go well since it is up nicely in AH. Talk about heartbreak!!! Look at the 52 week chart!!! I got in because it was so beat up and am looking for some quick money, but there are people who bought in at the high and averaged down thinking they were getting a bargain at $18? This is also a stock where people own many shares. My average price is in the $3's so I might be ok and make some money.
Of course I also bought into SHLD at it's high because of Cramer but I got out with a $30 per share loss--- some are approaching a $100 per share loss today.
The market is a humbling place. It can also be rewarding-- I'm just hoping to someday be handsomely rewarded yet even under the best case scenario--- it does'nt appear that COR will be the stock to do it?
Thanks again and good luck!!! JD
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