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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : GDI - a Strong buy by ZACKS

Date January 20, 2012    Comments Comments (3)    Rate this post Recommend This Post (59)   
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Zacks rated GDI as strong buy and Value – Gardner Denver, Inc. (GDI)Gardner Denver, Inc. is still on track for double digit earnings growth in 2012 after posting several record quarters in 2011. This Zacks #1 Rank (strong buy) has attractive valuations with a forward P/E of 13.8.


For the last three days it got thrashed and thrown out with RED all over the chart. About 5 million shares got sold at any price market will absorb at.


I have watched this stock make constant gain and never bothered or took risk. For some reason wanted to buy some on pull back today as I could not find any news or down grade by any brokerage. 


This proves never buy a falling knife. I am about $100 in red. It will not kill the portfolio - It is a lesson to be learnt. LET THE STOCK FIND ITS BASE AND THEN BUY - TILL THAT TIME MAKE MONEY GOING SHORT - Unless one is prepared to hold for ever like Mr Buffett.


I do not think GDI is a broken company - at least for now. The time will tell. One thing for sure one of major holder like Black Rock / Price T row either decided to take profit from long standing position or needed money for what ever reason and used GDI as source of funds.


It is never late to learn from one's mistakes and try not to repeat them.


I will be looking for a willing buyer some time soon. Loosing $100 should be part of traders game plan


Tags : GDI  

3 Comment(s):

Author rjm77me     Date January 20, 2012 17:20 Abuse this post Report Abuse
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ZACKS call was perfectly right - based on charts and fundamentals

When we get a desperate buyer or sellers - THEN ALL BETS ARE OFF
Author rjm77me     Date January 23, 2012 15:16 Abuse this post Report Abuse
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Sold GDI for $75 profit - No need to be hero - the stock can go up another 3 points in a heart beat.
The chart is broken - stock may be OK
Author rjm77me     Date January 23, 2012 15:18 Abuse this post Report Abuse
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Best trades were trding calls on HAL and COST
Made two return trips on COST calls and three return trips on HAL
Going to stay out of HAL till tomorrow - BHI is having earning call tonight.
Depending on BHI and HAL can move in either direction
Holding some COST calls in to close
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