Cricket,
Thanks for the feedback. I started looking at MANU last fall at a little over $6. I looked, and looked, and looked, until it hit $20, then decided I should have jumped on board! Now that I picked up a few bucks on it, I don't feel so bad!
Here's a chart of a stock I've been in and out of for the past 5 years.......PSEM.
siliconinvestor.com
I have about 7K of their shares now, with 5K long term hold, and 2K swing trade position. For the long term purchaser, it is a great stock. Great business model (fabless semiconductor design and sales), top quality management that is disciplined, fiscally conservative, and dedicated to growing the business. They also have a good R & D staff that generates lots of new products, and has a commitment to quality, something essential to a commodity semiconductor business.
They've been as high as $40 (in 2000) but have been hovering around the 13-15 area for a long time, which has been my range for swing trading it. You might want to start tracking it as it looks like it is more range-bound (and predictable) than ITWO or MANU.
Regards,
Knip |
