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Perry, movement. Wall Street has been interesting the last month. A lot of Chicken Littles with no apparent direction. Last week increase cash position, this week decrease cash position, etc... Who is driving this volatility, is it the internet, is it the small investor. I use both extensively and I know I haven't sold anything. I would postulate it is the fund managers and wall street types. I think the movement today is the fact that AWRE is so damn cheap and should see a short term market value at $64 with conservative estimates. That would make me buy this stock in the 30's again, can't believe we're seeing that number again though. "Look out, the sky is falling." My broker actually called me yesterday and asked me if I wanted to sell anything to which I replied, "Why?" - "Well, I don't know everything is going down, blah, blah, blah." I'm not contributing to the paranoa, but my portfolio looked a lot better when AWRE was over $60. Good Luck. Long Term 3-12 months, things look good. m |
