Quote from probe1957:
Don't get me wrong here PM. I sincerely hope you win.
You see, I have some personal history with ATVI. Going back awhile and from recollection...bought 100 shares at $12.50. The stock goes down. Buy 100 more shares at $11.50. The stock goes down and I get out without it ever seeing $11.50 again.
Looking at the 1 - 2 year chart, I can see the rationale for buying at $11.5,... but 12.5 -13 was clearly at upper resistance.
I'm guessing you bought it there based on reading some story, an analyst upgrading it, or someone on CNBC recommending it.
It certainly wasn't for "technical" reasons.
I sold puts at $11 myself in the past.
I'll only know in hindsite if the trade was a mistake.
It has "issues". All the stocks in that sector have "issues".
But I'm betting that it's positives outweigh the negative.... based on my price and time frame of 5 weeks.
However, for every stock i invest in, i can also make an arguement as to why it may not be a good investment.
I try to keep an open mind so I can remain flexible, if i need to be.
So i appreciate your input.
Honestly, I prefer criticism of my investments over agreement.
I learn nothing when everyone agrees. I only benefit when others question why i picked a stock, or why i picked that price, time frame, or % return.
Now.... go shopping and buy their games!
