Quote:
Originally Posted by slow4dr
I have been watching VW (vlkay) very closely since the fiasco last year. It continues to go down and down and down. It seems that every time a meeting is held or an announcement is made from the company it goes down even more. There are some meetings scheduled in February to discuss their future so I am expecting more of the same. This is a company I have confidence will pull through whatever lies ahead so I would consider them a long term buy. However, because I am so new to this I am still uneasy playing this game. I'd rather stick with the tried & true(boring) until my comfort level is higher.
A little off-topic but did everyone catch Greg's pic in the new Goodguys Gazette?
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The old saying about NOT trying to catch a falling knife.... usually holds very true in "stock picking". But at some point - there is some "justification" to be used to step in front of the train and make a purchase. I prefer to wait until they stop falling and start coming back up. I've found I don't need to hit the very bottom -- or try to gamble and get way in front of any bad news yet to be announced.
I do agree that they WILL put this behind them and turn the corner = and it would be a good long term holding. We just need to let the dust settle.