Michael:
-I consider the TER thread one of the most appealing on SI because it likely is viewed by a respectable number of investors who chose to say little. This stock/thread may be the prime example of the maxim that all SI participants should acknowledge: there is often an inverse relationship between the activity on a thread and the relative strength of the equity (i.e. the more activity, the lower the RS).
-I purchased TER at roughly the same time you did. When the stock reached the mid-30's, all flavors of immediate family advised selling since this was such a large holding and had become ~85% of my entire portfolio. Following a reevaluation of TER, I bought more @33. Granted, this smells like two-bit hucksterism. But look at the chart ( investools.com ): virtually a straight line since July, 1996. At this very superficial level, investing contrary to such a trend is usually perilous. Again, this is self-serving and completely subjective; the nature of the industry dictates that a break will come. However, TER has just recovered from a two year break and, in the eyes of the S&P gang, still represents an attractive opportunity.
When I saw the statement in the S&P report that Teradyne was a leader in each of it's major product lines, it reinforced my opinion not to sell into the foreseeable future.
Best regards,
Peter |
