Hi Robert,
I put in a GTC order to buy @9.5 and didn't get filled today. Kind of surprised me the way the negative sentiment is swirling around. Thanks to AIM, I'm only down @3/4 a share as of today, while the buy and holder who purchased at my original price is quite underwater.
While the near-term outlook appears grim, I'm sticking around for a while. I've seen this kind of thing many times before. It's like a re-run of many of the stocks I've followed over the years.
An example is ADPT. A friend purchased it about a year ago at 19, and watched it drop to 8 on warnings, reduced expectations, and bad sentiment. I urged him to average down if he was going to keep it, but alas, he didn't. Now, with the stock around 40, I mentioned that he may want to sell 1/2 or at least some and lock in some profits, but some people don't get it.
I'm not shocked by the warning as many of it's peers have warned, but I'm confident in the long-run that AIM will serve me well on this one.
Heck, I suppose I could find myself even at some point and dump the whole thing in search of greater pastures, but I don't think I'm going to do that. I started with 50% cash reserve, and still have quite a bit.
We'll see what happens, but my guess is that next year at this time, this episode will be long forgotten, as they beat reduced earnings.
In the mean time, it may be a big yawn.
Regards,
Bill |
