It is always important to read all post thoroughly before jumping to conclusions.
For example, I sold my 109 ANYI shares for $18 the day after trading began, as I always said I would. I used the proceeds from that dividend sale to buy 600 ANYI at ~$3.5 before the latest dividend. If I had held my ANYI all along I would have only $380 in stock now. In order for my current ANYI stake to be worth that little ANYI would have to drop to 5/8, which I do not think it will. I waited to get back into ANYI until it looked attractive again to me, as it does now. For now I'm playing with the house's money, but I almost bought more yesterday, and I will if it gets below $3 in the short term.
There's no predicting the future, but just as I was one of the first to exit ANYI when it was overpriced (and most everyone disagreed with me), I am one of the first back in saying its ready to rebound (obviously not too many agree with me now either). I could be wrong, but I do plan to exercise my rights for $7.50 each, and I do think ANYI will trade above $10 again at some point before the end of this year. Will I sell if it gets above $10? Probably, I'll let you know. I recommend that others give ANYI a serious look right now, some will take my advice, others will not. I recommended that others buy BANY <$.75 and sell >$1.25 to take advantage of the backdoor pre-IPO runup, many did, many didn't. IMO the downside to ANYI is not even close to the potential upside right now, as always, we'll find out in a couple months. |
