*AV* -If you bought under 22 you are almost locked into long term profits. If you bought today, you could suffer a slight retracement, possibly. However, over the long haul, you will be extremely profitable, IMO. Just for argument sake, I will use $22 as entry and $33 as a targeted exit. Within the next year (hopefully a great deal sooner) you will realize a 50% gain for your investment. That is good.
Is it as good as risking your capital in other ventures that might not pan out? I do not think so. Could you make more money elsewhere in a more timely fashion?? Probably. Considering the speculative nature of all the stocks discussed on this thread, is CYMI that risky?? No, it is one of the more conservative stocks but with a great growth potential.
Bottom Line: DO NOT SELL THIS STOCK AT A LOSS. Should anything negative occur, hold onto it and wait for the profits to present themselves. Time and time again people get chased from stocks during a reversal. I am not sure of the tech sector today, Monday. It seems wishy washy so that is why I post this response in this manner. I am taking the most conservative and possibly negative stature relative to your investment.
However, I am bullish on the stock, I have not sold the stock, I will not short the stock, I will accumulate on downturns, and I will not play any bearish games with options on the stock. This will be a keeper for profits.
I need to go back and find the recent Enabling Technology post where I list a few companies. I stand behind them 100%. At worst, the fall dramatically, stagnate, then rise to new historic highs. We are talking about the cream o the technology sector. Heck, TER is a buy now, even if it falls more. When know that when the Asian Crisis abates, this stock has a 20% upside potential and then some. All of them do. Timing and patience will pay off.
Andrew |
