I have followed this thread for a couple months but have only posted once or twice before simply b/c I do not own any shares (my last post concerned the impact of foreign exchange fluctuations).
I just wanted to comment as a non-holder who was once looking at JTS as a potential investor.
"A good market day, continued small cap growth, good news, contracts, ownership, aquisition, merger, etc. all make an impact that makes the difference."
I'll go down the line....not with JTS, not with JTS, the rest are "of courses" (to varying degrees). But the impact, esp. mixed with the negative outlook, will have minimal impact if any on JTS. I see little movement in this stock unless there is some major occurences (merger/acquired).
"Showing support at these levels on bad news tells me that confidence
is building in many."
No, not really. Although you have a proported increase in ownings from Amber, as an outsider I wouldn't say confidence is building. In fact, after recent news, I would be shying away from this stock more than ever. Looking at risk/reward/story/finance (which any new investor would look at esp. when shopping for speculative stocks) I think there are better stocks out there to place bets on.
"....the worst is behind us...." For you all I hope. But, unfortunately, I do not believe this. I continue to rely on my belief that the hard drive sector is one that is currently not an open sector welcome to start-ups. I have read prior posts that disagree with me concerning glut, etc. but I think at the moment deep pockets is what is needed. Those that already have a large foot in the sector will do fine. But those that don't (and esp. those with little cash, financing) are in for a great struggle (IMHO, a struggle they will not overcome). Of course, down the road, as the market settles, as companies find their niche, as the smaller companies are either consumed or die off, and the companies competing find a cohesive, comfortable level of operation, the sector will be more attractive as the glut is weeded out (although IMHO, the product is still more or less a commodity).
Well, it's not much for specifics and I'm sure there are plenty out there who follow this sector closer than I, but I always found it helpful to know what non-holders were thinking, esp. in the cases of speculative stocks whose pictures were blurred if not black.
Christopher Hinton |
