Trufflette:
Several posts ago you requested the bull argument. Well, I would be the last person to make this argument, as I am probably neither bull nor bear - I am basically worried most of the time. Also I probably do not have the command of the facts as other do, although I have read most everything put forward these past months. In short, and no pun intended, this stock should go up long-term. It will face competition, which is inevitable, but it is well positioned and has name recognition. Its fundamentals look solid, as well as I can judge. It should have a solid quarter - but that is always worrisome. However, I do not see anything in the price movement suggesting something bad coming from that quarter. We are too far in front of the earnings statement. The recent fluctuations are probably a combination of things, IMO, most notably profit taking and short plays. I have never wathed the short action on a 10 dollar stock, so it would be interesting to see whether this makes a difference. Does anyone else have any thoughts on this. In any event, I will be holding up into earnings. I anticipate the market to turn south after the first week in January, although I do not have any specific date. At this time, it might be time to get out or go short, or merely not look at the stock until the summer sometime. I could of course be all wrong here, but for the moment, I am holding.
Clinton
P.S. Trufflette: is it possible for you to send the chart to which you were referring, perhaps attached to an e-mail. |
