Joseph,
I turned a speculator today. Cyberoptics is a company I was invested
in through most of '95. I bought it at 13 and sold it at 35 in October.
I kept an eye on it and found out it was trading sideways with big
swings on a daily basis. The day it hit 41, at the end of December, I
almost bought it, but I called too late and the order did not go
through. So, I picked it up today for 34 1/2.
At this point it is 36 3/4. Strong earnings are coming and will likely
push the price beyond 40 again. If backlog is over 7.5 - 8 mil, and
the board declares a split or stock dividend, this one might go to 50.
As I said, it is a speculation, but I just could not resist bottom
fishing. I am gettig tired of losses. I will still hold to XICO,
though, because, if they only match estimates of .24/sh, they will be
the talk of the Street. This will represent an 800% gain over the .03/sh
in the matching quarter of last year. As of now I am flat with XICO.
Finally, CATS is still on my mind. You know that I cut it to limit
losses. I still remember Kent's words that at the company they "expect"
earnings between .13 and .16, while the consensus estimate is .12.
I know how volatile the stock is, and ponder should I go back in for
a gamble. After all, say .14/share would not only beat the Street, but
will represent a 300% gain over last year's matching quarter, and a
40% gain over the most recent quarter?!?!?!
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