Doug,
I'm not too concerned about the psychology, it is creating great value now, the herd will turn, ain't too many bargains out there in other fields at least that I am following, except maybe life sciences, which I think is more speculative...
Having said that I am happy with one little tee-off yesterday, bought ChiRex (CHRX) at 9.75, just as Sepracor was unloading over 3 million shares they held (stock had been pounded down a couple of bucks due to this public offering) now it should go up again , see the CHRX thread in biotech if you are interested, still cheap (I was in the same business at one time)
SMTL is good value now
P.S. I'll have to take you up on Las Vegas next time I have the chance to go there, ammo could end up being a bit expensive! |