ALTR ==> The Seton Hall Winner

[mjrichmo]

Mr markety is on a roooooooolllllllll!

[billyjoe]

Mr.Market,
ALTR is a real beauty. I'm up over 15% but just checked price after market closed. Guess I'll have to make more $$ whether I want it or not.

--------------billy

[Eric]

My 15% target is $56.70. I was late on joining this one because I didn't have spare moneys at the time. Today is a down day for almost everything I'm holding and I doubt I'll be hitting that target as soon as I would have liked. I guess I could always go for the 12% gain but I don't like the idea of breaking the rules based on my emotion and past experience.

What I mean by that is the same thing happened to me a while ago with PSMT. It was a dime short of my target on the day $MM sold, at which point it dropped right down to near 0% gain almost immediately after $MM sold. My money is still tied up there but it continues to tease me just short of the target.

[billyjoe]

Mr. Market,

Finally, buying a great stock on a dip. This one should blow past the target easily to 55 or more. With sales growth of 52% and forecast future earnings +23%. It is very undervalued and even pays a little dividend with a timy p/e ratio. I can't find any bad news about ALTR. Maybe I'll buy for my wife's IRA, I already spent all mine on stocks. A fast 15-20% would really impress the wife and I wouldn't have to say the Huge One came up with it first.
As a bonus ASICS are the only shoes that fit my 15D's, and I didn't realize those application specific integrated circuits were in them.

---------billy

Hit 49.59 Friday. Will it make 55?

[jiesen]

My 15% target is $56.70. I was late on joining this one because I didn't have spare moneys at the time. Today is a down day for almost everything I'm holding and I doubt I'll be hitting that target as soon as I would have liked. I guess I could always go for the 12% gain but I don't like the idea of breaking the rules based on my emotion and past experience.

What I mean by that is the same thing happened to me a while ago with PSMT. It was a dime short of my target on the day $MM sold, at which point it dropped right down to near 0% gain almost immediately after $MM sold. My money is still tied up there but it continues to tease me just short of the target.

I often find it profitable to be a little flexible with the 'rules' when faced with such decisions. Although I like a 15% profit as much as anyone, when a stock is sitting at a 13 or 14% gain just before the close of the day or the week, I will usually bend my own rule and take the profit. Of course that only works if you happen to see it while the market is open. But news can always come out after trading hours or over the weekend, so a sacrifice of the extra 1% to ensure the 14% profit (And the 100% principal!) stays in your pocket makes a lot of sense to me. I'm not sure about going all the way down to 11 or 12% gain, but in the case of a very volatile stock, why not?

Rules want to be broken!