Bob:..I don't mention my position in BARR at times because I have exhausted myself with this one and some tend to think I may be pushing it. I will very quietly watch it go higher.It's my opinion, that mgmt on the 25th of Sept., having looked at the numbers from the CFO, for the current quarter, and seeing that the numbers are good, decided to postpone the offering. This in part, tells me they will allow the numbers speak for themselves.
Since I don't advocate the idea of averaging down, I will not recco this one. When it closes above the $12 area on a consitant basis, it may warrant a closer look. As you have said many times, there are others more worthy of $$. I actually prefer the stock down here prior to earnings, as it has always done better at times like these, and when it gets back to $15, I will have done better than if I had sold for a loss and reinvested the money, as my position is my largest ever in any one issue.
Sparky |
