While the SI participants are not familiar with me, I have been reading this board for the past 18 mos. and I am a frequent participant on the Motley Fool board as WandLMink. I established a large position in LOR in May 1996, and have been adding to it with each pullback.
I encourage you to rethink your position. To be frank, it is much too timid and is founded on emotion rather than logic. I too have made the mistake in the past of selling a stock because it had doubled and I worried about losing my gains. Each time, the stock continued to rise after I sold and I bought back in later at a higher level. I have learned that one doesn't sell technology leaders like MSFT just because they have gone up.
LOR, along with IRIDF, is a technology leader with a secure position and a great business plan. If you sell at 35, you will be selling long before real G* profits start rolling in, and well before Skybridge, Cyber* and Orion begin producing. You will also not participate in the cash flow which is projected from the second generation of G*. Every reasonable projection by competent analysts that I have seen points to a share price in excess of $100 by 2001, and these projections are based on conservative estimates of earnings based on conservative projections of demand and subscribers who are already booked. I commend to you some of the analyses posted on the Motley Fool board by Readware and copied on this board by Geoff (aka Fozziebare).
If you feel insecure about the ride, you should consider protecting your downside by setting sequentially higher stop loss positions. That way you can continue to ride the upward slope of share prices, while locking in safe sell prices.
On the other hand, if you insist on selling at 35, I'd be glad to negotiate a personal option to buy your shares. |
