2006-08-08 14:32:44 · 5 answers · asked by 1 again 1 in Business & Finance ➔ Investing
according to the chart it broke a 6 month long downtrend line which is bullish, now it's settled back on top of it which is usually a buying area.....my experience says it's got a big strong rally coming in the near future but that's certainly not fool-proof. Just remember to sell after it's made u smile again. I did hear they were talking about buying XM.....or some rumor they were. That's usually bad for the acquirer and good for the other.
2006-08-08 19:15:21 · answer #1 · answered by Sizzle Pizzle 3 · 0⤊ 0⤋
In my opinion, most of these discretionary spending reliant companies are going to be in for a rough time in the next year with the economy slowing. Unfortunately, stock prices often reflect prior earnings, not future earnings. We know what these companies made, the bigger question is will they continue to do so? Depending on your tax situation, you can write off a capital loss if you sell the stock and lose money. Consult a tax professional before deciding what your best choice is. But I wouldn't bet on that stock taking off in the near future.
Hope this helps!
2006-08-08 15:24:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't know now...you may want to wait a bit now...It rallied in the face of a down market today which is a good sign. you may get a $4.50 per share test short-term, and could then re-evaluate it....who knows, I bailed out at $4.50 on the way down and lost a chunk so I ain't so smart...
2006-08-08 14:47:29 · answer #3 · answered by -* 4 · 0⤊ 0⤋
Sell SIRI and buy DRL, FBP or RGF. I promise you will make more than 100% return in a couple of years.
2006-08-08 14:39:38 · answer #4 · answered by Nasdaq W 2 · 0⤊ 0⤋
Naw, wait 'till it splits. That way you get more profit after the capitol gains tax.
2006-08-08 14:39:49 · answer #5 · answered by S.A.M. Gunner 7212 6 · 0⤊ 0⤋