Fred: Thanks for the calculations, as well as the recent information. Once again you've provided some interesting data to chew on. As for that earlier posters query about "should I buy?" My answer is this. Everyone's heard that to succeed in the market you have to buy when the stock is low, and sell when the stock is high. Or, buy when there's blood in the streets(CPQ comes most quickly to mind right now), and sell when everyone's euphoric. I know, I know, as my 7 year old godchild would say, DUH!! However, IF you've employed that strategy and plunked down hard-earned cash, you must realize that FUD(Fear, Uncertainty, Doubt) will have it's way with you, almost guaranteeing a maximum uptake in TUM's. ;-)
Still, buying when the stock is at, or near, its 52 week low, is perfect if you believe the stock has a viable future. But, to minimize the potential for further bad news(and one look at VLNC's history can prove how often THAT has happened), if you buy now you should only use such monies as you don't mind losing. Call it a foot in the door. You can use that initial purchase as a springboard for buying more, once the public news turns truly bright.
Meanwhile, I continue to add to my speculative holdings as it enters my buy zone, which is anywhere from $4.75 to $5.20.
Regards!
John~ |
