To All: The only changes in the fundamentals of this company since the first of August are *ONE* order pushout (admittedly that repesents a nontrivial percentage of the company's orders) and the appearance of one competitor (Komatsu) with the potential to service a very small fraction of the industry's demand for eximer lasers. It seems that the current discount in the share price is a bit extreme.
The share price has been pounded by (1) rumors, (2) a momentary industry blip, and (3) a market crash in the Far East, and finally, (4) Cabot's mindless mechanical stop/loss decision process, all of which have set up an environment of fear and panic, in which the opportunities for those who make money on falling prices can thrive.
I do not know how much power those who can make money by pounding this stock have, nor how far they can take the price down, but if it costs me everything I have, and it very well may, I will bet on the truth and not the lies. Investing from the heart may be a fool's exercise, but that's the way I'm going to play it. I will not be chased from this stock. We will see how much of my money the short sellers can take, but it occurs to me that the lower they push the price, the greater the danger of being caught in a rebound becomes. The truth will eventually emerge. Of course, only my investment bones may be left to see the resurrection of the share price. Banzai!
jess. |
