John, see #reply-17398185, #reply-17407521, #reply-17485192 and #reply-17422908 for my targets for AGM and its expulsion from the core. Even a stock like AGM must obey the same stop losses rules as the rest. Time will come when reentry for a longer term position might e warranted again. This company is structured in such a way that the equity base is growing quite rapidly, net equity has grown by almost $18.6 MM in the last year alone (last quarter by $5.5 MM), or $1.61/share. This the kind of return which is not too shabby relative to other market participants, and since they have only scratched the target market, I still think that the long term prospects are pretty good. However, when the FA and the TA do not jive, obey the TA, and right now, until we either get a double bottom or a real P/V reversal (we almost got it, and if we go close to $30 by some miracle tomorrow, that could possibly be interpreted quite positively).
Zeev |
