And---some of their design wins are even in the fastest growing segment, wireless and telecommunications. (By the way, did their statement that, under certain circumstances, "they would consider that they are doing something wrong" mean that they'll give us back our money at that time?)
However, the short sellers are the so-called "market makers," i.e., brokers, with lots of other peoples' play money. With only a 4.4 million share float, 1.17 million shares can maneuver RSYS up and down at will. Of course, if Myers were Gates, he'd mouse trap them by making a major announcement cooked up by some PR firm with the sole purpose of juicing up the stock. (Like calling WIN95.1, WIN98, and then, after everybody forgot it was supposed to be WIN97, telling everybody--today--that they waited an extra year for something that isn't really all that special.----Forgive me Microsoft son-in-law who supports daughter and grandchildren in grand style out west in Gatesville.) Or, instead of selling the stock as they've been doing lately, the RSYS execs could make some major PURCHASES just to help us, their stockholder friends, and hurt the bad guys. As a matter of fact, some strategic purchases by management would make their conference call have more bite, since it would put their money where their mouths are, and, believe me, the shorts would take notice and (forgive the pun) run for cover.
But, maybe we're wrong to watch the stock every day. According to Ben Graham, Buffet's teacher, we're supposed to act like we're the partners of management. Having made the judgment to buy a piece of a business with management we think is good, running a company making the right products, at the right time, for the right market, we're supposed to check our shares only each quarter just to make sure our initial decision was correct and/or nothing has changed for the worse.
Then, one day, we'll look and, voila!, the stock will be at 85!
Keep the faith.
Burt |
