"Ash78, voting early and often" (ash78)
09/23/2015 at 14:10 • Filed to: None
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"Ash78, voting early and often" (ash78)
09/23/2015 at 14:10 • Filed to: None | 0
| 7 |
Well, if you had followed Jim Cramer’s advice to buy yesterday (and not my advice to buy Monday), you’re doing pretty well today. The big question is do you sell today on a “dead cat bounce” or hold on for more upward momentum?
I’m in the second camp, but I’m still bullish long term. Had I bought it all yesterday on speculation, I’d probably sell it all right now...
Rico
> Ash78, voting early and often
09/23/2015 at 14:16 |
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This whole thing will blow over so had I bought yesterday I would definitely hold out long term.
ttyymmnn
> Ash78, voting early and often
09/23/2015 at 14:17 |
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I don’t play the market, but it does seem like an insanely good time to buy, and sit tight. I can’t imagine VW going anywhere. They will survive this, and probably come out ahead in the long run.
RamblinRover Luxury-Yacht
> Ash78, voting early and often
09/23/2015 at 14:17 |
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My 401k only has funds, no direct buying awesomeness. Then again, I only have a couple grand invested in it, so YOLO.
Tekamul
> Ash78, voting early and often
09/23/2015 at 14:18 |
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This isn’t dead cat, it’s dead CEO. I would expect it to bleed away, unless Stadler/Diess/Mueller comes in with a strong ‘direction’ for bringing diesel back into focus in the US.
BobintheMtns
> Ash78, voting early and often
09/23/2015 at 14:19 |
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I’d wait before buying... We still don’t know just how deep VW’s hole is going to be... that stock might be a ways from rock bottom just yet...
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Ash78, voting early and often
> Tekamul
09/23/2015 at 14:26 |
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I quipped yesterday that the best course of action would be to pin it on someone, even if they’re only tangentially involved. Winterkorn may be that someone, especially since I learned he was an engineering chief during the critical time.
If people can be convinced the malfeasance was isolated to his doing, then at least some of the reputation damage can be mitigated. Now we just sit back and watch the lawsuits roll in...
AMGtech - now with more recalls!
> Ash78, voting early and often
09/23/2015 at 16:28 |
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Should have shorted them a week ago. Then you would be sitting real pretty. Personally, I don’t think they’re done going down yet either and am going to check back every couple of days, maybe then buy some of their stock.