<<Atmel warns of wider-than-expected loss
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Saw it coming and was stopped out of last of my shares a week or 2 ago......This was one of those good luck/bad luck stocks for me <g>...I bought a TON at .50 - .70ish.....sold half a ton at 1.10 - 1.25ish.....held the rest...sold some at around $3....a pretty nice chunk around $7ish, I believe, held the rest all the way down and got stopped out at about $3.00ish.
So, in hindsight, the TON I bought under $1 I was stupid to sell half of at 1.10- 1.25 and should have held all until $6 -$7, and then sold all <g>....but my crystal ball simply does not work that well, so......Hey, I made some money, but sheez...I really coulda made some serious dough had I not sold those shares at $1.10 - 1.25 and sold them far higher instead...and then of course holding the last of may shares from above $7 down to $3.25 wasn't too bright....and of course when atml is at $10, I'll be whining about how stupid it was of me to have sold the last of my shares<g>......
But, I tell ya....It would not surpise me to see this below $1 again....additionaly, I look at the numbers and they aren't great....then, figure in the huge float, meaning just a small upward move means a big jump in market cap...and that looks scary to me....they dont have the numbers, imo, to sustain such a huge market cap, so they either need to seriously increase revenues and start making some serious PROFITS, or they may end up a penny stock, possible delisting, possibe RS??? I think alot of the 'bubble stocks', that split so much the float got out of hand and valuations got out of hand...should have either done MAJOR share buy backs ( assuming they have cash, like sunw and etc....) or done RS's AWHILE ago, to reduce the float and make it easier to move up, without giant leaps in valuation....Frankly, I look at atml at current pricing, and still think it is overvalued...shame I didnt sell ALL ALOT Higher..... |
