Bob, in my experience ALA has never really traded as NT, LU, or CSCO. This is something we are growing into. People looking for CSCO type daily moves are probably in the wrong place. I look at the stock at 18-19 when I started this thread in Sept '98 (see thread header) and I'm happy with the gains at 47<g>. Expect a much better story price wise going forward. This is a recovery story in the making, and a big one IMO. I wouldn't necessarily expect ALA to trade up when it's US counterparts are on the run. I think folks who haven't followed ALA long may be putting waaaaay too much emphasis on daily moves.
I understand many NN'ers are probably trying to decide whether to take the shares or move on and hope they can separate from the natural instinct to compare trading characteristics with US stocks...it just doesn't work that way. To put things in their proper prospective, we are dealing with a company overcoming a credibility problem, and buying another US company with a *huge* credibility problem. Takes time, and folks that don't have it should move on....ALA has provided them this opportunity. Just my honest opinion.
I personally look at it this way, I have no intentions on selling for years and expect it will continue to provide above average returns for years to come. I trade many other stocks, but ALA is one of the *few* that are a part of my core holdings (never sell, just add and options) for many, many reasons, not the least of which is I know I can turn my back and it will produce. IMO, ALA is in the right place, at the right time, with the right products and ought to experience growth that exceeds it's US counterparts over the next 5-10 years anyway.
regards,
sf
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