Buying VDSI Panic
Picked up 200 shares @ 29.63 average.
More updates later.
***Update*** OWWWW. That really hurt. Nothing like losing 700 bucks on VDSI when I was just hoping for some quick profits on a bounce. VDSI, meet everyone in my "core" portfolio. All my long-term holdings (MVIS), meet VDSI.
I initially only bought 100 shares, being wary of the picking the bottom, but when the stock started screaming upward, I bought another 100 shares...Oh well. I think there is a high probability that I will get out of this break even, within a week's time.
In other news, yesterday I added to my BLUD and BWLD positions. I also started positions in CPHD and IIG, and I added to IIG today on the news.
I'm hearing that MSFT posted good numbers this evening, and the stock is trading up over $2.50 in after hours. The QQQs are up in after hours, erasing all of today's losses. As long as BIDU does not disappoint, it looks like more of the same tug-o-war between bulls and bears for Friday.
8 comments:
Trying to catch a bottom is impossible on stocks that drop that much.
So now you tell me.
At least for me it is.
I don't blame u for trying if I would have had any capital to invest I would have done the same thing... This stock is way oversold. Just wrote about it today as well... check it out if you like
http://stockpicky.blogspot.com/2007/10/big-overreaction-to-vasco-data.html
Good Luck!
New to your blog. MSFT was a big surprise, but the market loves to hate bill & ballmer. Hopefully some of that positive momentum will rub off on apple:)
Don't forget "The Orange Man" shows his cards tomorrow morning. Should be interesting at the least.
Yours Truly,
Sieranonymous
Get rid of under performing names and add more tech/china.
Try catching the bottom in WCG. Now THAT is good fun!
-DT
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