VeriFone Systems (PAY) plunged 38% early Thursday after the credit card payment device maker late Wednesday preannounced weak fiscal Q1 results and forecast current quarter profit and revenue below estimates.
I sensed that it is a good buying opportunity and bought 100 shares @ US$19.83 a piece. I have reserved some cash to buy if it drops further. Keeping this for at least 3 months and see whether I can profit from here. When I sell, I will post again. My target to sell is around US$25.
I didn't buy the HNR and MM stocks in the end. I was reading the financials and did not see great potential in them.
I regretted that I did not sell my LVS stock when they were at US$55. Now it is below $50 and dropping. I will set my target to sell at US$55 again. Watching this counter...