Hey guys, have you never been into a Co thats out of favor?
First let me tell you that Atml is one of my love bugs, doing very well a few years ago trading it like a wonderful pattern, 42 to 30, 30 to 40 etc, etc.
After a long absence I returned just recently, reluctantly @ 16.
A couple of truths here (1) Atml has not reported good news in 1 1/2 yrs. (2) Atml's book value is declining at an alarming rate (3) Asia problems, continue (4) Atml's Asia exposure, HIGH, well above average (5) Profit margins getting worse (6) No recovery yet, seen in site (7) Intels announcement, today might be the worst is still to come.
Todays free advice (1)never try to catch a falling knife, until it hits the ground. Why? because their sharp and always is falling faster than you think. What is the ground? Its when you can't even give the stock away.(remember, CASH is always king, always). Its impossible to buy a bargin, when your out of cash.
The reason I like this thread is, I haven't seen the post that bugs me the most, ' I can't wait for this stock to go down, so I can buy some more' |
