Hi ALL,
An idea you all might want to consider:
Subj: Buying Opportunity
Date: 96-09-11 23:08:02 EDT
From: Eastman22
Hi ETICS, GoldeeB, IYIP, TMC 1359, Jvau and everybody:
I have gone vacation from AOL for two months or so. I haven't sold single share of TEIM. Finally, I ordered my certificate last week. As I told you before, I will assess the performance of the company at Christmas time. If things go well, I will hold them for another year. Since my vacation, TEIM price was sucked into a black hole and now, we including the company have to rescue it out of the hole. Otherwise, it may disappear forever from the universe. First of all, current price may be very close to the book value and may become a half of the book value at the end of the year, which means that the current price will be soon below the book value. This is by no means desirable, perhaps disastrous for the company, but for us, it could be a good buying opportunity. If this price persists for another month, the company may step in. When the company announces stock buy back, nobody want to sell at this price. As a result, the price will jump to approx. 60 - 75 cents. So, the company can no longer buy them cheap. All these are hypothetical situations. As you know, most companies take action when the stock price go under the book values. So, it could be good time to accumulate more shares. I am thinking about buying more to average down. Actually, I started 7/8 and accumulated all the way down 35 cents. So, my average is still high. If anyone has a high average, think about this opportunity. Happy trading.
God Bless
Mike |
