Since it has fallen nicely to the 20 day moving average and is in the 1 space in the market that is "relatively" sensible to invest in on fundamentals, and is being rewarded, I will incrementally buy more here in the mid $25s. I just wanted to point this out, because I'm sure many of you have experienced the same thing. The market loves to mock us all.
I've taken Thoratec from a 1.1% to 1.5% stake. If I had more faith in the market overall I'd make it a larger stake but if we get the type of selloff I assume could very well happen there will no "safety".
Remember folks, (a) the world will end or(b) CNBC will declare the end of the recession that never happened - based on the all important jobs report tomorrow. The report is faulty and we mock it each month for its terrible data but all the lemmings react like 4 year old toddlers to it, so we have to point out it's importance since hundreds of billions of dollars will move on +/- 10K jobs lost or gained tomorrow.
Long Thoratec in fund; no personal position
2 comments:
market is brutal, just thrashing everyone haha. nice find though i hadn't heard of this company before.
watch out for the gap fill on the chart though down to 19 if the massive selling in the market continues
Well of course
I usually wait for gaps to fill, some do some don't
it is sort of hard to miss the gap on this chart
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