Ok Scott, I got back in today. Avid finally showed some stability. There was no news during the mini crash of the past week, so I bet one of the institutional investors bailed on a large position. Might have been one of my mutual funds, Fideltiy Contrafund, which had 496,000 shares as of 6/30/96, down from 1,187,000 a year earlier.
I promise not to switch gears and overly hype this company's prospects, I just think AVID slipped below fair value and offered another buying opportunity. I still have twice as much invested in DATX, which as you know, I believe has better prospects in the coming 6 months. But I figured I knew both companies and their products well, and they're the #1 and #2 in a growing market. |
