So Cooper Tires is up 15% including B/S commissions. Does anyone have a reason why we should hold? When is our next meeting scheduled- January? I know we all have things going on but let's not lose sight of our year-end goals.
I say hold on to it for now. 20% looks good today, but what about the long term future of this stock? do we think tit has long term potential? do we think the stock will drop back to where we picked it up? do we think it will go to $30 or $40? I am not ready to jump ship without good reason the stock will drop. Id be willing to sell now, if we think there is good reason the stock will drop down to the $17 range...
The original goal of this group as outlined in the member agreement is to double our money every five years. A 20% annual return over five years exceeds that objective.
Other than the unknown, do you have a reason to hold?
We have held Cooper for less than a quarter while other companies have rested in our portfolio for a year with only single-digit gains. Let's squeeze whatever we can out of this market, take the 20% profit today and put it in the bank.
The stocks recently purchased should out perform the stocks we bought when the economy and market was on a down side, so that comparison isn't completely just.
i believe the stock will rise not for just the unknown, but because of the saying, what goes up must come down, and vice versa. Since the markets dropped significantly with the recession, i believe the next 5 years after the recession will outperform the year before 4 out of the 5 years. Just my thoughts though and the group doesn't have the share the same feelings.
i wont be mad if we sell, i was just saying why i wouldn't vote for it at 20%.
Another 4% today and on top of that - Goodyear, Bridgestone, and Amerityre are all up 10% over the past 5 days or so - so it's not like CTB is a buyout target. I say we unload it, it'll come back to reality.
8 comments:
Ok, Cooper Tire is now up 20%. Does anyone have a thought on the matter?
20% sounds good to me.
I'll second the vote to sell.
I say hold on to it for now. 20% looks good today, but what about the long term future of this stock? do we think tit has long term potential? do we think the stock will drop back to where we picked it up? do we think it will go to $30 or $40? I am not ready to jump ship without good reason the stock will drop. Id be willing to sell now, if we think there is good reason the stock will drop down to the $17 range...
The original goal of this group as outlined in the member agreement is to double our money every five years. A 20% annual return over five years exceeds that objective.
Other than the unknown, do you have a reason to hold?
We have held Cooper for less than a quarter while other companies have rested in our portfolio for a year with only single-digit gains. Let's squeeze whatever we can out of this market, take the 20% profit today and put it in the bank.
The stocks recently purchased should out perform the stocks we bought when the economy and market was on a down side, so that comparison isn't completely just.
i believe the stock will rise not for just the unknown, but because of the saying, what goes up must come down, and vice versa. Since the markets dropped significantly with the recession, i believe the next 5 years after the recession will outperform the year before 4 out of the 5 years. Just my thoughts though and the group doesn't have the share the same feelings.
i wont be mad if we sell, i was just saying why i wouldn't vote for it at 20%.
Another 4% today and on top of that - Goodyear, Bridgestone, and Amerityre are all up 10% over the past 5 days or so - so it's not like CTB is a buyout target. I say we unload it, it'll come back to reality.
So thats 3 votes for sell.
See you later CTB. Catch you on the down low.
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