This forum post is hidden because you have chosen to ignore vjklander. Show Details
This forum post is hidden because you have submitted an abuse report against it. Show Details
Been there, done that. Bought a nice company called Broadvision after it lost 20% following a lost contract to American Airlines to competitor ATG. It was during what turned out to be the end of the first dotcom boom. Thought the market over-reacted. Bought a boatload thinking it would bounce back by 10% or so in a month. Watched it blow right thought by stop loss for a quick three week 25% loss. UGH!
I think my fingers have healed, but I am not ready to try that one again....
When I watch Jim Cramer's Mad Money, I sometimes wonder how many falling knives he's promoted to viewers. Not picking on Cramer... BOOYAH! But with all the advice on television and in newspapers and on the internet, I gotta believe that a lot of us have tried to catch that knife.
Anyone else out there with bloody hands?
I did buy a basket of CanRoys last year when they bottomed out. That has panned out wonderfully for me. Other than that, I don't touch a turnaround unless they have shown a 3 month or better recovery. Granted, I miss a few big gains, but I also minimize a lot of continueing losses.