Jeff, you know all my discussions concerning ALYD from the other thread we frequent. What we have seen here is yet another example of my "strategy" of buying too soon and taking profits when presented. You also know that when I have confidence in a stock and it reverses direction, goes down, I have no fear of averaging down. You can call that a "strategy" to improve profitability when my timing is off. I actually think this is more of a sound investment methodology than a strategy.
Either way, I have documented previously, a great deal of entry points on this stock. I am still holding onto to some ~$21 stock and some under $11 stock but have a great deal of shares in the $14-$16 range. Some of these profits are being taken in order to diversify. Taking a 20-25% profit, when presented in close to 3 weeks, is something I have a history of doing. I hope that I did bring Good Luck to this stock because if it is true, the second half of the Andrew Vance scenario may come true also. Remember, I buy too soon and sell to soon but I am profitable. Therefore, we should see another pop in price after my last sell confirmation comes back<GGGG>.
Also, even though I have and am selling some shares into this rally, it does not mean I am any less positive on this stock. I was just slightly more heavily weighted than I felt comfortable with. Translation: I have a trade I want to participate in and these funds looked like the appropriate to use, even temporarily.<GGG>
BTW-I am listening to the DPMI conference call as I am tyoing this while executing trades on the other line. DPMI did not report a stellar quarter because of the Asian (Korean) currency exposure. Because of their Korean presence (they operate a facility in Korea to service that market), the devaluation of the Wan hit them hard last quarter and will hit them hard this quarter, to the tune of $8 million, possibly. Everything looked fundamentally good other than that. They are responding well to this major issue and I get the general impression that, moving forward, it might flounder or stagnate in price as the "wait and see" attitude of the Street prevails. I am more optimistic about other investments.
BTW2-ASYT has its call after market close today.
BTW3 - All confirmations are back and not one of the share blocks sold for $18 or under. Most of the shares were a whopping 18- 5/16 while a smattering were at 18.125 and 18.25, making this a better than anticipated transaction. I am now down to that nice comfortable block of stock which you are so familiar with<GGG>. Oh Yeah, I might have been the guy stalling the upward movement. Well, I am all cleared out so there is no longer an impediment<GGG>.
Andrew |
