<<In ANCR's case, investors using your approach, and without the benefit of extremely cheap shares, would have been buying at 50, 60, 70, 80, 90, 80, 70, 60, 50, and would now likely be broke following the downgrades. Examining the historical performance might have given a clue that the stock price was exceeding all reasonable valuation metrics that might support it. ANCR may indeed set all time highs once again, but it won't do it based on numbers like we just saw.>>
Craig I think you are simplifying my comments to buy buy buy at any any any price. As you know, that is quite silly. The euphoria and short covering after the INTC announcement aside, there are probably still some investors who might be interested in ANCR at current prices and be satisfied with an opportunity for returns over the next 6-12 months if ANCR does reach previous all-time highs of greater than 100%. Apparently, with your 6 dollar stock you are going for much higher returns than that. Either that, or you think the chance of ANCR revistiting all-time highs is remote.
Once a stock runs away from yuo it is extremely difficult to continue to evaluate it objectively. I bought GMGC not too long ago in 2-3 dollar range based mainly on the chart. I quickly grew impatient as I studied the fundamentals and just did not get it. As it is now in the 8-9 range, I am happy for the people I met as I researched it and failed, and certainly don't consider my 'not getting it' a sign of failure to come for the company, but a lack of vision for myself.
Larry |
