All good points, Kevin. . .and yes, that float is attractive. . .my comment about being 'too late' has more to do with risk than it does reward.
Remember, we like to get into these before others do. . . and we try to avoid chasing. . .so now that the world is noticing and the volume is about to explode. . our advantage of buying in the mid-teens is over. . . and now that the price will probably be 25 near open, the downside risk is far more than it was. . .while the upside potential is less. . .generally speaking.
So it takes more "belief" in it moving significantly after a 6+ point day. . . or it takes some serious fortitude to jump in after such a quick move. Remember, not losing is one of the ways we keep winning.
Now all that aside, I do agree that there is PROBABLY plenty more upside. . . but that is a hunch based on float, QP, and reasons you state and not the 'trading principles' that we have come to hold dear.
If it is any consolation, I was very busy this afternoon, but still grabbed some shares at the close near 22. . . I would have bought far earlier, but have been plagued with distractions to my trading day. . .lately that has included working on site design, writing book, getting wife's teen enrolled in middle-college, etc.
That is why I seem to be in and out throughout the day. . .in fact, tomorrow, I leave 30 minutes into market day for the rest of morning . . .then I'll be back.
So I really have not had much time to look into the specifics of LIOX. . .which is why I didn't pick it up sooner. . . was more interested in watching LQID, NITE and HLIT today. . .
Thanks for sharing the reasons why LIOX still has potential. . .you make a great case for why we should be in it.
Best wishes,
Rande Is |
