BRAGGING AGAIN: INVEST IN CALLAWAY
Saturday March 20th 2010 - 9:27 AM EST
Added by: John Caynor
I wrote blogs in August and September 2009 about considering Callaway (ELY) stock to trade. This stock was trading at $6.37 a share and this past Friday it closed at $9.36. This is a 32% increase in 7 months. You can't get this at your local bank.
I will say that this stock is currently overbought. Which means I think the price will come down in the near future. The only thing I think will drive it up is news. There is an earnings annoucement on 4/29. Currently the Standards and Poors recommend a "Sell". So I hope you took advantage of this trade and now you can collect profits.
My style trading is to get in/out and not hold on to a stock. I like to collect my profits. I am just recommending that you review this and not telling you to buy it. Take a look at this stock and analyze it yourself to see if it falls within your strategy. Everyone has their own strategy. Is there a another golf company stock you would like to discuss
Comment by: Sean
Saturday March 20th 2010 - 4:08 PM EST
I sold mine Thursday and plan on getting back in on the dip.
Comment by: Nicole
Sunday March 21st 2010 - 9:30 AM EST
I wish I would have got in last year....lol