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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Steve Hufnagle who wrote (85)5/12/1998 7:57:00 PM
From: Dave Hanson  Read Replies (1) of 103
 
Thanks. Lucky this time. :) I hope it comes back soon too--I'm back in yesterday with 4/5 my original position at 8 25/32. At that price, I figured the risk-reward ratio became worth it again, and I like the diversification it gives my portfolio--tho I don't pretend to have any real insight as to when/where it will bottom before its likely assent resumes.

FWIW, I agree with Todd that down days aren't so bad if the volume's low. Lots of these small-cap guys rise in bursts, when big players decide to get in and/or big news is announced, and then coast down when liquidity drops, little guys get impatient or need to raise capital and the low liquidity means they drop the share price. Consider, for instance, the 3600 share "burst" yesterday that dropped the bid to 8 11/16.

Nice to see LUFK march steadily upward, even if volume is tiny. If THQI weren't such a steal and I didn't have so much tied up there, I'd buy more.

Still waiting for a better re-entry point on SIRN.
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