Genesis Microchip (GNSS) Message Board

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Technology Stocks : Genesis Microchip (GNSS)

GNSS 2.115

-1.2%

3:59 PM EST

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To: Peter Dierks who wrote (1164)	7/17/2005 12:01:04 AM
From: Paul Senior	Read Replies (1) of 1277

I believe I'll close my position entirely. I don't see where the company is doing so much better than in past few years. And in past few years, $20 stock price seems like it's been a point closer to a top than to a buy or hold: finance.yahoo.com The company's not been profitable in the last few years. People are paying up for each dollar of sales though --- the price/sales ratio is 3.4 vs. under 2.6 in the past couple of years. Maybe prospects are good, I don't know, I'm no expert on the company or the stock. So maybe for me, given my lack of knowledge about GNSS prospects going forward, perhaps I've got no business owning any of the stock at current price. Jmo, and I've been wrong many, many times.

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