Yo Blue! I hope your day is going as well as mine!
I picked CAMP at 2 1/2, because somebody said "Take a look at this base."
I checked the weekly and monthly chart, I had a vague memory of that stock from three years ago, and the chart looked really sweet.
This was right about the time when Sprint started buying the OTC wireless companies and all that, around April if memory serves. I looked at CAMP's website and it was LAME. That is a GREAT sign for me, they don't care about the stupid hype and giant gif graphics and crap.
Then I looked at their financials, and I thought they looked fine. It looked to me like the company had been romanced by Wall Street, dumped off in some alley, and the managment had just sat back and said, "To hell with Wall Street, let's just make some wireless gear, like the best stuff we can, and this time, we play it our way, we make the company work."
So they kept solvent while dozens of other companies went belly up, and they kept working. The chart shows that. It looked to me like the downside risk was pretty minimal, everyone that wanted out had 2 years to bail. The traders had already given up on it. It was an ugly piece of junk.
Perfect! All they had to do was make a profit on their next 10Q, and some house would pick up coverage. Once the stock went past 3, it would be marginable, and I figured at least ONE fund manager would see this stock for a real company and load up.
Then the traders would run it to around 6 and I could bail out or see how it looked at that point.
The rest is history. A four bagger in less than 6 months. You hope for one of those every 2 or 3 years if you are lucky.
And I ain't sellin'. I think the stock is good for 14 and change, and if the traders want to, they can take it to 21. |
