Spekulatius, did you get in to ALVR around 12 last week? That was the first 20% correction in past 6 months while it zoomed from 5 to 15. I bought more trading position on top of my large long-term holding picked up under $2 a year ago. I recommended ALVR so many times on this thread since $1.86 when it became my largest holding.
Today it is fast approaching the previous high of $15, once it break thru, 20 is in the sight. I still like it to be bought out by CSCO some day, since that will remove a big uncertainty of its success (the risk of CSCO come in and crash this new fast growing market), and I can take profit over the next 5-10 years to reduce the one time tax impact.
I bought more UTSI today at 34.7, it is a Forbes 25 Fastest Growing company 2 years in a row, and trading only at 20 P/E. If one thinks "growth" is part of a company's value, UTSI definitely worth a look.
Good luck to all,
From: Spekulatius Saturday, Feb 7, 2004 1:15 AM
Steve, it seems that your Model changes direction pretty quick. ALVR bounced pretty hard today. They are brake even now now and at some point have to show real profit to justify current valuation.
UTSI looks good to me and I may take a position as well, if the price is right. Good luck with your ventures and let us know how your mutual fund project is going. |
