and then it meanders back to original sale price, I do make a great dividend off this stock. (Fortress Investment Group- same catagory as Blackstone) But overall it has dropped quite a bit. ( housing sector issues ) will this be a huge gainer after the Housing woes subside? Would you consider it? It is at a good price to buy.
My stock (fig) keeps dropping 1-2 thousand and then.....?
This stock looks like it is in a downward trend and i see no reason for it to recover. The housing market woes will continue for the near future. Also the company plans on announcing quarterly earnings on the 14th. If they don't meet analysis expectation (Earnings per share) then dump this stock until it recovers and starts making money. If they do show good results for the last quarter perhaps then you should stick with it.
Also just a side note, never buy a stock because it has good dividends, buy it because you think it will gain value.
Reply:i would say wait and see what happens
Reply:Sorry your stock price is falling. It hard to let go of a stock you love. Breaking up is a hard thing to do sometimes. Don't know how long you have known the stock, but you should have left on about 5/11/2007 when it broke down through the sideways trend. I'd move on and find another that is performing correctly.
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