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SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
JOE's price has been moving down for a while now, but the pace has picked up this morning--tomorrow they report 4th quarter and yearly earnings before the bell and later they'll announce guidance going forward....coincidence? :shock:

Do you know where your "stop loss" order is?
 

John

Beach Fanatic
Dec 3, 2005
397
91
SoWal
So, what are you saying? That further declines are ahead? Are you recommending a sale? Let me know when you sell your shares.
 

John

Beach Fanatic
Dec 3, 2005
397
91
SoWal
Me either. It sounded like you were not happy with the stock. In retrospect, I suppose we should have sold at $85 and then buy it back next week. Dam@ crystal ball messed up.
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
John said:
Me either. It sounded like you were not happy with the stock. In retrospect, I suppose we should have sold at $85 and then buy it back next week. Dam@ crystal ball messed up.
That will teach you. You are supposed to use the "magic 8-Ball."
 

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
John said:
Me either. It sounded like you were not happy with the stock. In retrospect, I suppose we should have sold at $85 and then buy it back next week. Dam@ crystal ball messed up.

That's the purpose of a "stop loss" order--to lock in profits in case the price takes a tumble. Folks who are "in the money" on JOE should already have their "stop loss" locked and loaded before JOE comes out their earnings before the bell tomorrow. If the earnings don't look too good, the speculators will dump and run and the shorts will be buying the drinks. Should be real interesting. Personally I think the stock is overpriced and would be a buy @ $50.

(The CEO already took his usual monthly 20,000-share payday on Feb 1st at $63-and-change. :D )
 

goofer

Beach Fanatic
Feb 21, 2005
1,165
191
All the housing stocks got hit today on Toll bros guidance. If JOE goes to the 50 -55 level it will be a great long term buy. Scale down from 55 on your buy orders. It looks like it is heading down to that level on the long term charts ( 5 year chart ) Buy straw hats in the winter !!!
 

goofer

Beach Fanatic
Feb 21, 2005
1,165
191
SHELLY said:
That's the purpose of a "stop loss" order--to lock in profits in case the price takes a tumble. Folks who are "in the money" on JOE should already have their "stop loss" locked and loaded before JOE comes out their earnings before the bell tomorrow. If the earnings don't look too good, the speculators will dump and run and the shorts will be buying the drinks. Should be real interesting. Personally I think the stock is overpriced and would be a buy @ $50.

(The CEO already took his usual monthly 20,000-share payday on Feb 1st at $63-and-change. :D )
The time for the stop loss was 10% below the high sale. If JOE reports a disappointing number and poor guidance before the opening, your stops might get set of at a horrendous opening price!! Unless of course you have a stop loss limit order. Stop lost orders are very tricky and can almost guarantee that you will be whipsawed !!
 

John

Beach Fanatic
Dec 3, 2005
397
91
SoWal
SHELLY,

You continue to confuse me. Where is your stop-loss number? Why are you saying all this yet being so coy?
:dunno:
 
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