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Posted: 8/7/2005 5:13:19 AM EDT
[#1]
Not commenting re the stock.
Re Cramer, I don't trust him at all. |
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Posted: 8/7/2005 12:18:00 PM EDT
[#2]
Defense company stocks are best bought in a time of peace, when nobody wants them. Then sell them after the war time activity has peaked.
I can't remember the original French quotation, but its translation is "buy on the cannons, sell on the trumpets". Having said that, I recognize the possibility that ATK might go much higher, but I think that there are better opportunities out there. |
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Posted: 8/8/2005 1:28:15 AM EDT
[#3]
Cramer's main point was that ATK recently had a good quarter, but because of the the Thursday/Friday selloff, they are a real value. He was also pushing Haliburton.
Interesting to see what ATK does this week. |
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Posted: 8/8/2005 1:41:12 AM EDT
[#4]
When someone on TV is telling you to buy, he is generally trying to sell. As a begining invester i believe its good to watch commentaries to help get a feel for how the markets move, and how investors react to "news" But take it slow, more people get poor quick then get rich quick.
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Posted: 8/8/2005 9:10:22 AM EDT
[#5]
He said that about SWB (smith and wesson) last week that they're a buy. The stock shot up on volume and price about 1 dollar in a day ($5-$6 dollars) and then has declined every since. Gets the old pump and dump going. I've owned SWB since It was at 3, it's around 5 now, but I'm going to hold until 8-9. I'm in it for the long run, not a day trader like this Cramer crack head is.
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Posted: 8/8/2005 10:40:44 AM EDT
[#6]
Buy low, sell high. Not the other way around.
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Posted: 8/8/2005 12:35:24 PM EDT
[#7]
Agreed. Today's close: $77.29 |
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Posted: 8/8/2005 3:54:52 PM EDT
[#8]
So did you buy? PS - Like your signature. 
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Posted: 8/8/2005 4:05:22 PM EDT
[#9]
In general most investors like to use Cramer's comments as contrarian indicators, IOW do the opposite of whatever he says. He's notorious for telling people to buy something only to have the stock dump the next day. It's funny to watch him back peddle afterwards. Happens all the time. All those analysts are there to make money for themselves and their funds at the expense of the retail investor.
Do your own homework. 
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Posted: 8/8/2005 5:21:19 PM EDT
[#10]
No, I just posted the topic because it seemed ARFCOM friendly (ATK manufactures bullets). Will we need more or less bullets in the future? As has been suggested by many other people, I plan on watching and learning. |
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Posted: 8/12/2005 5:48:31 AM EDT
[#11]
I've owned ATK for about 5 years. If it goes over 80 and doesn't split, I'll probably do some profit taking. |
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Posted: 8/12/2005 5:51:34 AM EDT
[#12]
When I worked for ATK after the spinoff from Honeywell Defense & Marine it was really cheap, I still haven't sold any of it
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