>>Off topic<< BillyG, I was looking at your MCRE and CYMI picks. Been checking out CYMI for a little while now, what do you think is a good entry point, assuming this stupid market drops down again? I'm a little concerned that if we do have any kind of slowdown in the Chinese market for computers, that CYMI could get hurt. Faced with this market agnst, MCRE seems like a better play, but their negative numbers make me a bit concerned as well.
I have been looking at MUEI. It's a lot bigger than the two companies you mentioned, but its balance sheet looks pretty good, and it's been beaten down as of late. Small float for number of shares shows management confidence. Like CYMI though, it depends on computer sales for revenue. Don't have a position, but maybe.
Thinking hard about options. Don't have a lot of loose cash, but would like to leverage what I think (hope desperately) is a somewhat unjustified market drop (even though some stocks, like RMBS, seem out of sight at the moment, still impressed how it's holding up here, thought we'd see 30-40 by now). Been lurking over at the tech options thread for ideas, nothing jumps out at me yet but I'm looking hard for the right play. Of course the safest (and ultimately cheapest) options are deep in the money, but they require that loose cash .... Maybe the CUBE May 30's? Let's hope the bounce back is dramatic as the drop! |
