Agreed - current price is amazing (low)
As a strong proponent of both SPLH,and a previous investor in SPLH (see thread beginnings, if you care) I see long term ownership in SPLH a very wise investment move.
However, near term profit takers, IMHO, will overcome buyers. Small float will lead to lower prices as traders, bottom fishers are shaken out. Once news dissipates, and new buying opportunities present themselves, double bottom, yet not as low as previous low will be seen, then steady albeit slow rise. Asia, loss in last qtr (even though it was attributable to write-off for recent acquisition) will shake out weak hands and delay buys for those performing DD. Low demand with small float will lead to lower prices.
I will buy again at $2-$3 points above my original purchase in 1996.
This current price is simply unwarranted for a proven Co. of this quality, doing business at these levels, making this kind of revenue, at this stage in its development.
IMHO
Stephen |
