Chris Fernandez

GeoEye: Sell Alert on Satellite Troubles

I agree with Jim,

Until I see something official, not some CEO interview on the internet somewhere, I maintain that my sell was warranted for all the reasons that I mentioned, today's stock price rise notwithstanding.

I can always reenter the position later, so selling the entire position now and hanging back isn't the worst thing in the world, considering I was still able to get out with a gain in the face of such risk and uncertainty.

I'll put it this way:

GeoEye's risk/reward proposition no longer favors the investor.

That's when I tend to exit a position as I have.

Chris