[Just for the record]
shubh --
I'll address this to you simply because I think you've watched my posts for a long time and see the Amati story as clearly as anyone I know.
I received an email from a long-time Amati holder asking why I posted my buys on Friday. His concern is well-taken and I told him it's because I've been a buy-and-hold shareholder for so long I felt it only fair to be open when that scenario shifted. Now I'm planning to leverage all the way up and then lighten up slightly when I think there's a top (to get off margin and pay the shrink bills along the way). :)
I figure I've followed this story for so long I've earned the right to play the momentum when the action really begins.
I also want to make it clear I have no definite idea where the stock will go. I don't want anyone to follow my actions or to think I know what's happening any more than the next guy. This is not the case. My information comes from so many sources only God would be able to piece them together with any degree of accuracy. As I've told many friends who follow behind the scenes, I'm now about 80% convinced we're on the verge of a big announcement(s). It's the 20% that's making me lose sleep. I'm not expecting anything major on Tuesday but I do think the volume and price action will deny or confirm my suspicions.
This is said as a matter of full disclosure.
And let me say once more, do not take my words as indicating I have any more information than anyone else. My only advantage --- if you can call it that --- is that I have so many sources. And they can be wrong. I can be wrong. I've been wrong before and will be again.
Now, to those who asked if I'd gone to the Northwest this summer. Unfortunately, I haven't made it yet --- I just keep putting it off --- "You do what you want and all the rest is just excuses," to be sure. I decided I wanted to stay close to Lindsay this her last summer before heading out to UCLA. But the real reason is that I wanted to stay close to the market. Linds takes off on the 20th and I'm making plans to go to Seattle, Vancouver, Portland, Salem, and Calgary, not necessarily in that order, after that. My mother has cousins in Alberta, one on a wheat ranch near Calgary and one in Sherwood Park near Edmonton, and she's determined I meet them. I figure I can cry there as well as anywhere else. (For those who don't know, Linds is my baby and letting go isn't easy.)
Some times I think letting go is the story of my life. No one said it would be easy.
And, who knows, maybe I'll buy a ranch in Alberta. :)))
Cheers!
Pat
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