Congradulations, you played it well.
This stock is going much higher NOT (IMO). <g>
The runup is mostly due to pumping by underwriters in return for a piece of the offering. CSFB insured their status as lead underwriter by starting six months ago. In addition to those brokerage house 'customers' are other new shareholders attracted by Kopin's position in the food chain of red-hot companies such as CNXT, NT, QCOM, etc. or by the "disruptive technology" spin from Dr. Fan. However, Kopin actually has much less in the way of proprietary technology than these people have been led to believe. Therefore, Kopin may get the anticipated revenues, but I do not believe they will get the profits.
However, if all or part of the company is bought out before the market cools down, none of that matters. Look at the absurd price JDS Uniphase just payed for Optical Coating Lab. As long as potential acquirers have their own inflated stock to use as currency, a buyout is possible.
Good luck on your next KOPN trade,
WT |
