Jack,
if it's of any consolation, I bought TLAB about 13 months ago at around 60 (before the latest 2:1 split). The stock came down from $80+, if not $90. I thought at 1/3 off the high I got a pretty good deal for a first-class longterm growth investments.
As soon as I had it, it got involved in the CIEN takeover, with the result that it sold off all the way to the low 30ies, if I remember correctly.
I was convinced of the longterm positive story and saw the CIEN thing and market correction of last September/early October as passing, so I just held the stock... look where we are today...
I think that TLAB's longterm outlook is still very bright indeed, and whether you bought it at $64, $54 or $44 will be nothing more than a faint, irrelevant memory in 5 years time :-)
I'd hold the stock, in fact I'd buy more at $50 or so. TLAB is a superior company, IMHO, and a core holding of mine today.
kind greetings,
Thomas |
