Holdings  > Holding Rationales  > Victim of Panic Selling

Holding: ADPI

ptaren [42] Star!

Start tracking!

You are not tracking ptaren.

Symbol Sector Return Exposure Trades Last Trade Status
ADPI Business Support Services 132.80%  n/a 5  17-Jun-08  Prior Holding
    Next Post >>

16-Dec-07

Victim of Panic Selling

Holding Rationale for ADPI.

This company recently lost a judgment in a civil suit regarding contractual breach and other offenses. The jury's award was astounding and the stock tanked nearly 70 percent in one day. With very little research, I bought a chunk, speculating on my sense that things are rarely as bad as they initially seem. I assumed that stockholders panicked and that automated selling programs kicked in. I'm further assuming that the stock was oversold in a frenzy and I could get a dollar for 50 cents, as they say. After making my impulsive purchase, I actually conducted more in depth research. Much uncertainty remains at this point. The parties in question are currently in mediation, as ordered by the judge, who is apparently not in agreement with the jury's award. I am hopeful, and I will sell on a significant bounce. I am hoping for a 50% to 100% gain in one to six months.

Tagged Stocks: ADPI

 

Posted at 15:51 in Holding Rationales  |   Permalink   |  Top

AddThis Social Bookmark Button
 

0 Comments on "Victim of Panic Selling"

You must be logged in to post a comment.

Top

 
 

Credibility in ADPI

ptaren

ADPI Out
Rank 1/5
Return 132.80% at 2010-03-17
Rank 1/5
Trades 5
Followers 2
 

Categories

Holding Rationales (7)

Holding Tags

ADPI (1)

CFC (3)

FSMAX (1)

MYE (1)

VEURX (1)

 

Archives

Feb 2008 (1)

Dec 2007 (6)

    Next Post >>