As Web's World Turns

[Websman]

Hey WEBS take a look at these... MFLX BOOM* FORD* MANC MDKI CULS

*BOOM AND FORD may be extended

I'll check em out. Thanks!

I'm still considering BTFG, not for the chart, but because of a likely buyout in the near future.

[Websman]

Here's one that Poormans likes. NINE

It's worth watching for a few days

[dmk112]

Webs, do you subscribe to poormans website?

[B.J]

*BOOM AND FORD may be extended

Damn right they are. I actually sold some FORD (half position) yesterday at 8.64 for 20% gain. Probably a bad move, as it'll probably go for a while, but the way this market has been, I'd like to hold onto a few cents.

[Websman]

Webs, do you subscribe to poormans website?

no, I'm too cheap to subscribe to anyones site. I just happen to see a post by Poorman on IBD saying he owned NINE. It must not be much of a pick though...It's down by .23 today.
Mr Market is a better stock picker than Poorman could ever be and his site is free!

[Jaws57]

Webs,
Army brat here. Moved 18 times in 18 years, lived in Forts Hood,Benning(5times),Leavenworth,Ord,Lewis,HunterA AF, and some others that dont exist now. Also stationed in Okinowa and Australia. When we were at Ft Benning the 5th time, we would go most weekends to a travel-trailer we had parked in Destin (ever hear of the place?) Damn that was 30 years ago. Things sure have changed.


Jaws57

[Websman]

Webs,
Army brat here. Moved 18 times in 18 years, lived in Forts Hood,Benning(5times),Leavenworth,Ord,Lewis,HunterA AF, and some others that dont exist now. Also stationed in Okinowa and Australia. When we were at Ft Benning the 5th time, we would go most weekends to a travel-trailer we had parked in Destin (ever hear of the place?) Damn that was 30 years ago. Things sure have changed.


Jaws57

I went to second grade at Kadena Air Base in Okinanwa. (AirForce Brat)

Destin is very different and much more expensive than it was 30 years ago. Although I did travel a lot, we always came back to Eglin Air Base, so the Destin area is home.

[spikefader]

.... I sold out at $12.70. That's only a .09 per share loss which is minimal....

Webs, you have been proven very wise my friend! Great decision that one, and even better discipline.
Let's just dwell on that for a moment. There's a tendancy for people to want to try for break even or a little more to cover the commission for the trade. The fact you didn't do this and took a little hit and the commission is a real good demonstration of following a plan despite emotion perhaps suggesting that breakeven is more respectable. I don't know if you felt this, but I know it's something I struggled with when I was less-experienced. So people reading the thread: do the logical and not the emotional!

[B.J]

In short: It's all over for DHBlows

[Websman]

Your right Spike...I did want to break even and cover my commission, but common sense told me to forget it. It was a very good decision.
Emotions suck...Logic rules!

[spikefader]

Your right Spike...I did want to break even and cover my commission, but common sense told me to forget it. It was a very good decision.
Emotions suck...Logic rules!

Yep - it sure was. And emotion does suck. For the sake of a few bucks we are tempted to risk so much. DHB closed at 11.10, a full 13.2% below your entry! If I'm not mistaken, I see some pointy ears have grown on your head there.

[Websman]

I'm building my new watchlist...but first I must go rake leaves and mow the grass.
I'll report any new long canidates tomorrow afternoon.

[B.J]

Well, I have to embarrassingly admit that I'm a 2-time loser on DHBlows. I actually had an initial gain, turned into a sllight loss when it went down to 17.

Kept dropping after I sold, then looked strong off the 200 DMA and decided to try again. I got out again before the next sell party started (luckily).

Makes a case for cutting losses short, and an experience to learn from.

Given the sell-off, this next earnings report must be a real doozy.

[Websman]

I have a feeling that DHB will blow out earnings, which will make the stock price skyrocket...but I could be totally wrong. There could be an underlying reason for the selloff.

[B.J]

I have a feeling that DHB will blow out earnings, which will make the stock price skyrocket...

I actually hope so, for some of those unfortunate IBD posters who are still in.