Jim,
I think the potential for flash application, especially with the MMC, is going to be enormous. The size of the MMC, its reliability, ruggedness, and its future storage capacity (128MB) will appeal to a lot of products. I think the mutual funds should love this stock because the company will grow for many years to come. The last time I checked the IBD, if I recall correctly, institution ownership stood around 20%-30% which is not too high, not too low, and that's great because we don't want to be in a stock that is already discovered, nor in a stock that nobody knows about.
Unfortunately in the short term, we will have to stomach these roller coaster trips with the market. I am just afraid that with no coverage until the secondary is over, this stock may drift down to the low 20s again. I still have plenty of cash to move in if that happens. Long term, I think we will be at $60-$80 no later than the end of next year.
Mike. |
