Hi, Long on Fiber,
Well, let's see if we can sort this thing out, LoF.
First and foremost, I am ALSO long on Fiber, i.e., my horse of choice is and has been for a very very long time: JDSU, and it's earlier incarnation: UNPH.
Secondly, I have also stated that I think LVLT is a poor horse to ride in this space, and I've been consistent about voicing that opinion since about $113 per share level, when some friends of mine asked me to look into this stock when LVLT came knocking on their door in order to purchase right of way for burying conduit through their land.
I still think LVLT is a poor horse to ride in this Fiber Optic space. And the reasons I have given ad nauseum on this thread don't need rehashing now.
Thirdly, I've got a long term view re: my fiber option choice horse and you state you have a long term view of YOUR fiber optic choice. So we agree on long term investing strategy for healthy portfolio management. I just don't share your long term rosy view for LVLT.
So, at the moment, the stock is pointing lower, and on first blush, ALL rallies will be stopped in the vicinity of $67
give or take a shekel or two. That's about $13 higher than here. I don't see anything on the horizon that is going to give you or anyone else back those particular $13 from this level let alone streak back to the $113 to $130 level.
Fourth, you are disappointed, like about a zillion other LVLT longs, and are smarting as the result of being slapped around with this stock. I wish it weren't that way for you, because you obviously bought the stock in hopes of seeing higher equity prices, since this puppy isn't paying dividend income. I'm sorry that is the way it is for you on this stock, and I'm still glad I don't own it.
So, here are your choices as I see it,
--hedge your position by generating option income by cooperating with what chart technican's like Yogi can share with you;
--buy more here at lower prices and dollar cost average, while increasing your risk and exposure to more downside and its currently bottomless appearing stock share price;
--if $CA is your choice, use options to reduce your risk and per share cost to a level you can stomach,
--P&M, which doesn't seem to be your style, frankly,
--suck it up and just wait it out
--sell and use losses to offset huge gains elsewhere for this tax year.
Whatever you chose to do, I trust it will be the best for you choice you can make. I wish you the best, I truly do.
Sincerely,
O/49r |
