It is up, however it's only up on very low volume, so far. But you're both right, the market one day is going to "wake up" to the value of this company, and then it will zoom. Maybe today, maybe in a few months. IMHO.
Unfortunatly, I sold almost all my shares based on a principle of investing I have: if a good companies price is acting too strange, that is, if I can't get a take on what's going on, then I sell down. Usually this serves me well.
Now I know the reason, but switching between investments too fast is, well, very good for the broker's pocket but not mine. It's not so much the commission as it is the spreads (for both stocks), plus the fact BMRA has gone up, too boot, from where I sold it. Of course, if I absolutely knew that this stock was about to soar, I'd sell what I switched my cash into and put it back into BMRA, but I don't know.
I guess I'm hoping it will stay down just a little bit longer... not that hopes regarding timing are of much value.
Oh well. |
