Jim, I am still holding. It came back up a bit today. Microcaps can be very volatile. In my opinion, I wouldn't commit any funds to them that you aren't ready to say goodbye to. ATCO is my Vegas trade for the year, and is a small portion of my portfolio. The rest of my investments are in companies that have a proven track record and that have a lot of research information available. Basically, I'm impressed with ATCO's HSS technology, even though I have no idea if the company can ever make money with it.
When a stock goes from $2.00 to $8.00 as quickly as this one did, shareholders are bound to take profits. If you could sell just 1/4 of your original position, get back all of the money you originally invested, and still have 3/4 of that position to hold onto at essentially no cost, wouldn't you do it?
I don't think you got in too late. This initial wave of interest was triggered by a tiny article in The Economist, a British publication not exactly widely read in this country. The company is taking its demo out on the road beginning this week, to show the technology to the major manufacturers. When a story breaks in a mainstream U.S. publication, there will be another feeding frenzy.
I promised myself I would not make an additional average down purchase if the stock sank below my entry point. It's too speculative. If the stock continues to drift downward, I'll just hold on and hope for the best. We'll know within the next few months whether this technology is licensable. Otherwise, we'll re-name this thread "ATCO**Throw Your Money Out The Window"! |
