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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 98.11-1.9%Oct 31 9:30 AM EDT
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To: Elroy who wrote (2891)7/28/2025 3:42:38 PM
From: Paul Senior1 Recommendation

Recommended By
Lance Bredvold

   of 2963
 
Sometimes I only know the story is good because it's confirmed by the market. My decision when I first decided to buy was that I would buy and if the stock moved up, I'd believe in the positivity of the business prospects, and I'd buy more. That's what I've been doing - adding as the stock has moved up.

If you are right, and the business results might take the stock over $100, I have no problem missing the first six month's move.

The big flaw or risk in this for me, is that if there's another market downdraft as was in April, which took SIMO to about $40 level, I will be in difficulty regarding SIMO. Whereas you and others here who know and study SIMO might determine an excellent opportunity to add more or to get back in (if you got out at around current prices), I, who only believes the story based on stock being viewed favorably by market (price moving up) wlll have likely lost all confidence if not all gains, and might sell out for a net loss. For a value stock I can tell myself the cheaper it gets the more value there is, but with SIMO and my knowledge of it, I'm not able to say that. (Whereas you can or might.)
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