Out for a while
Chris, I got out today for a (short? medium?) while. BTW I have no adherence to long or short term trading per se, I just do what feels right at the time. In no particular order:
- the immense institutional ownership concerns me.
- I am starting to feel wary of mergers (as opposed to acquisitions). It's one thing to acquire a smaller business which is in good shape, will contribute immediately to the bottom line, and which you intend to more or less leave alone to go on doing the good job that attracted you in the first place. It's another to merge with a similarly-sized entity with a whole other corporate 'culture', information systems infrastructure, sales force, R&D group, etc. I am not against such things, but I don't understand the implications well enough. Comments anyone?
- most relevant: lucent's digestion of octel and so on. You are right, the competition is different now. It is not the teeny company I first knew. (Was in & out from 13-35 , a reverse split that worked out well.)
I am not going away but the stock hit my mental sell point today. A number of other stocks which seem good to me are getting pummeled beyond what seems reasonable..
cheers |
