Overstay
Categories: Managed Funds
You bought in about 7 months after the IPO. Lots of insider selling brought the share price to $32 from $37, and you thought that, at that price, it was a good bet you'd make real money.
And you did. For a while. The following 5 quarters all beat Street estimates, and a year and change later, the stock was at $57. The new sell side analyst from SilverSlacks put out a price target of par, or $100 in their kitschy language. You believed. Only to wake up to a quarterly earnings miss 10 weeks later, watching all your profits evaporate, as the stock sank back to $32.
You overstayed your welcome. Should have sold when you could have. Welcome to the NFL: No Fun Losing.
