[poor salim...]
r.e. << i am ,probably, the largest loser on this dog>>
I can assure you there are others lurking that have lost several orders of magnitude more than you have.
However, most of them are not panicking.
There are many market forces at work currently:
1. The networking sector is currently out of favor.
2. The Fed seems ready to raise interest rates again.
3. There is an undercurrent of uncertainty regarding whether the great bull market is over, and a bear approaches.
4. Everyone's been burned by high flyers giving up their high PEs. Take a look at NSCP, SHVA, CSCC, etc. As they say, once burned, twice shy.
5. Until Amati actually sues someone for patent infringement and wins, Amati's patents will not be valued by investors.
6. No news from Amati or Alcatel r.e. licensing. Investors may believe that Amati is being too tough on licensing. (JS fiddles while Amati burns - and RC arranges deck chairs on the Titanic...). This may force potential buyers to embrace "compatibility" rather than "compliance". After all: can the general public really tell the difference between 4Mbps and 8Mbps? Institutions will wait to see how this issue plays out before jumping in.
Given the above, can you wonder why the stock is so weak right now?
My suggestions:
1. Decide whether you're a long term investor (3+ year horizon), a short term investor, or a day trader.
2. If you're a long-term investor, wait until the sector is judged to be oversold by the TV analysts, then begin accumulating aggressively. Don't park your funds here now.
3. If you're a short term investor, get out of technology stocks for at least 6 months.
4. If you're a day trader, I'd look at playing option straddles to make any serious money. Otherwise, you need to realize that market makers are not manipulating this stock, it's just that there are no interested large buyers out there right now, just nervous little guys. The general trend has been down, so I'd take a position, then sell calls against the position.
Just my take. My style is long-term, so I'm not worried, even though my share price avg. is still in the mid-teens.
BTW - you think you're hurting - I also have (had?) a significant number of shares in ANCR. Oofda. |
