" Why don't investors wait for something positive to happen to create a position? So you leave a buck or two on the table. If GFS can make it, and IMO the jury is still out, then a buck or two less in returns will have little impact on investors."

 

 

So following your advice someone would have bought this at $9 after the Husky contract announcement? How are we supposed to know if that qualifies as "some positive news?" Your advice works great as long as negative news never follows positive news. Typical momentum strategy, but here there was a string of nice news (contracts, management change) followed by 2 negative events, so it did not work.

 

Not to mention 2 bucks here is 40%.