[ PERLF ]
Scott,
I'm always glad to read your responses. They're always insightful and give me more questions to ask.
I will only be able to answer one part of your inquiry for now. The other technology related question has to be directed to the management. Give me the questions, and I will ask them.
"If you're convinced about the FA & business case, would it not be worth buying in now, rather than buying in after a 39% runnup, at a time of possibly overbought condition?"
As for the acquisition of the stock, I have already begun my purchases. I took a nice nibble at 1 5/8, and will look to accumulate more at the above breakout level of $2.00. I know there are other interested parties out there at the above-$2.00 levels, some of whom I am in fairly close contact with. It's how the risk/reward picture adjusts itself with a close above $2.00 that interests a lot of TA-based players. TA to me is a risk management tool, and it tells me that for this particular stock, the risk relative to the reward gets even further reduced once it closes above $2.00.
As for the fundamentals, after three conversations with the management, the analyst from Pennsylvania Merchant Group, and others related to the industry, I feel quite positive about the prospects of the company. I would like to speak to you further about the other technology-based concern you raised. Perhaps an extended dialogue on the R/A thread here, or over the phone?
Regards,
Rainier |
