The underlying strength of BRMC resembled quicksand today.
We visited 52 7/8 just before the close!
Gujju, your MLynch friend gave you some sound advice:
<wait for a while.. expects a pull back..>
When the up opening @ 57 1/4 lasted about 5 seconds I should of....
Instead, when the price kept dropping, I re-read the
earnings report, thinking I got it wrong the first time! LOL
Executing a stop loss or waiting a while is not so easy
when you are totally convinced<g> the company is going to fly.
Take away the mania would any of us would be looking
for a 60 - 70 trading range -next week!!? A 30-40 level
looks much more realistic than it did this morning.
Consider their stiff competition -Philips, Rockwell,
LSI and even the big LU, to name a few.
Also their small customer base - General Instrument
accounts for about 30%. I not sure about the others... Cisco,
Bay, Motorola are the only ones I remember.
A point of concern? Two lost accounts, not replaced, could be 50%...poof!
<~~wondering how many of the 500K Cisco is still holding~~>
It sure is nice to read some optimistic posts after a day like today!
For some of you today's slide must seem like a burp compared to last week.
...and so it goes with IPO's
-Bell |
