Tuesday, November 01, 2005

Stock Alert!!

Attention! Attention!

Today I bought shares in Ameristar Casinos (NASDAQ:ASCA) so if history holds true, over the next two weeks it will shed 15%-35% of it’s value over the next two weeks and then spend about six months slowly creeping back up to today’s prices.

Next month I think that I will dump some more into my Morning Star Mid-Cap Value index fund. It has taken quite a beating since I last put anything into it, so it seems like a good time to go in again. Not sure what else I will be looking into, we shall see…

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