http://money.cnn.com/2010/02/08/autos/toyota_recall/index.htm?hpt=T1
Writing long-dated calls on Toyota.
check the pre-mkt price. TM is going nowhere.
http://content.usatoday.com/communities/driveon/post/2010/02/toyota-corolla-to-be-probed-for-steering-problems/1 I don’t think it matters what Mr. Market says short-term. The cost of all these recalls should affect the stock price soon enough.
Bought in at $70.XX…so far so good
I think it’s a mistake to invest in a turnaround. I don’t think it’s too clear at this point how bad and deep the problems might be. IMVHO you’re better off looking for companies that have already started to turn a corner. Sounds like a value trap to me.
u416047 Wrote: ------------------------------------------------------- > Bought in at $70.XX…so far so good It hasn’t been below 71.5 since April '09
mb389 Wrote: ------------------------------------------------------- > u416047 Wrote: > -------------------------------------------------- > ----- > > Bought in at $70.XX…so far so good > > > It hasn’t been below 71.5 since April '09 PWND
That is what my cost basis is showing
u416047 Wrote: ------------------------------------------------------- > That is what my cost basis is showing When did you buy it?
Feb-04 2010
lol. even if it did trade down there, nice brag post about how you nailed the absolute bottom.
No brag intended…send me your email and I can send you my account statement for the month of February… Not saying I know what I’m doing…I guess I just got lucky