Another pig reporting in.
I don't think anyone should listen to me on this stock, because I've been way early and way wrong.
I'm up to 21,200 shares now (11%), and I'm way underwater, about $80k. In fact the only time I was ever under more, was on Intel warrants when I was down about $100k in Feb 96. (the good news; I eventually made a lot of money on that position).
I don't think the HDD sector is going to disappear, and there are only a few players in the flex business, although I hear that others are trying to get in. And non-HDD uses are growing. And the numbers look great, and the balance sheet looks great, and ....etc.
This is crazy to be sitting here at 10. As some of my other plays mature, I'll still buy up to the 15% point. But a warning; I and probably others like me, will probably sell on the way up. If this stock does bounce to 14, I will probably lighten up because of the outsize position. So I expect a lot of overhead resistance.
But next year looks good, given the new capacity, and hopefully good demand.
Paul |
