Re: Any thoughts on my first original stock idea?
if price rose to or near book value, yet no announcement has been made. thats probably a good time. i am 95% sure that won't happen, unless some shady insider trading stuff was going on. if they acquire and the stock jumps 50% well, I can't comment on that since I would have to see the terms of the acquisition first.
basically, i am pretty sure i am going to wait for them to acquire a solid company. which would basically force the market to realize the value of the companies assets and earning power.
regarding the stop loss: i don't have one. i don't see me selling unless some news is released.
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