Quote:
Originally posted by herbal logic
Institutions move stocks, not individual investors. Stock is up 5% today. Im up 460% since last year.
Satellite radio is the fastest growing subscription based service by an enormous %. Nothing can touch its growth rate, not even cable television.
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and whats your point? stocks with a large % of institutional investors sometimes have the biggest drops, especially if they're overvalued.
just because a stock is a fast growing company doesn't mean you should pay any price for it.
if you're up that much, you should really consider taking your profits now and then wait for a dip to buy back at a more attractive price if you fully believe in the long term prospects of satellite radio.