Dennis,normally I try to buy the most of the lead company, in my opinion, in a category,HLIT is the best of the breed. I have looked at ANTC,and thought about it. I have to do more research first,but I probably will diversify into other types of telecom first. I buy on fundamentals only,so this has to be a value play,and then I look at relative strength,momentum,stochastics to see if it is time to buy.
I do plan on paring back a little bit,but I won't sell out a position as long as the fundmentals are still there,and nothing has changed dramatically about the company. I plan on selling about 1/4 my position at 25 approximately. My biggest mistakes over the last 20 years have been on closing out a position,only to see the stock go up sometimes 10 fold,while I waited to get back in. Two good examples of 100% profits I made,only to see 1000% profit missed by not getting back in are Amgen & Nike.So I learn from my mistakes,and adapt my thinking.
Tim |
