Well, my benchmark was that I would sell if revenues were less than 30 million, so it was a close call. But I was really upset about the fact that the share countg rose to 21.3 million. A year ago share count stood at 10 million, and trailing earnings were positive. As I said, it was a really close decision, and until I pushed the sell button at 5 5/8 I wasn't really sure I was selling. But sell I did, because I feel the risk/reward ratio has been skewed out of my favor. I'm not exactly a young woman either, so it's really not good for my risk profile to keep a speculative stock like FIBR in my portfolio.
I will continue to monitor FIBR, but for now I'm out, and unless I see some substantive improvements in the fundamentals, won't buy it back for anything but a daytrade. I'm just tired of all the wonderful things just around the corner, and nothing seems to increase but the share count.
Barb
Good luck to everyone who continues to hold. I hope it doesn't go back to the 2s. |
