Cheryl,
I bought it the day it went public and sold it in late Dec and Jan. I saw another Company's stock act just like this, CMSX went public about 2yrs ago at 14, went to 23 and back to 14 in about 6 mos. after that it jumped to 36 split 3-for-2 and back up to 36 and another 3-for-2. now trading around 16. They are both tech stocks, although not in the same industry, them seem to have a lot of similarities. I bought back into SMCI because i see they are making small acquistions that should add straight to the bottom line. Its seems like the same strategy as CMSX, Good management, strong internal growth, high-growth industry, and small, but profitable, acquisitions. I held CMSX and finally sold it, but i rode it to 23 back to 14 initially, and had a feeling this was going to do the same thing. I hope it works.
Pat |
