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There is comfort in having someone who shares the same viewpoint on a situation like REDB. What interests me is you comment 'building another position'. I've traded myself into several 'positions' these last few months, in stocks that I would not normally buy, why, what gives? Simply put, these 'situations' on in stocks that are totally out of favor and display fund selling with little hint of a bottom because, well, there are few buyers. The last of buyers is due in the situation of REBD partly because the sector is so beat up and the money is moving to the stronger plays, like ORCL, and recently, SYBS with a nice gain from 17 to 25 and 7 to 9 respectively. REDB is a small company and has the potential to lift itself out of this bottom with a few quarters of reasonable sales, while the other two will have to make significant strides. My concern is that no one is really taking about REDB's technology, but again, this is a characteritic of a position play on a down and out forgotten stock, boring, boring, boring, but if they have the product and management team that they seem to have working quietly, we can just wait and buy more on these dips. Again, there is risk, but we are forcing ourselves into a long position here. |
