Perhaps, you spoke too soon? Tdfx is making a nice comeback.
I am not sure why this stock is going down, when it shot up to $35 just a few weeks ago. Perhaps, it is the extreme volatility that has visited this stock that makes a lot people want to run for the hills. Prospective buyers have to be nervous buying a stock like this.
So what will change this. Earnings that will come in a couple of pennies better than consensus, and an oem deal or two for banshee.
This is another case of a great small company but a lousy and volatile stock. What did we buy? The company or the stock. It is great if you can buy both, but oftentimes an investor winds up buying one or the other. If you buy the company, it is because you believe the company has great stuff and will be around for a while. If you bought the stock, chances are you already sold it. A person who buys a stock buys it because it is going up; and sells it because it is going down. Not bad advice in general, and certainly apropos up to now. But a person who buys the company, usually will see these heart in mouth dips as an opportunity to accumulate.
If it can stay above $17.00 today, then it may be time to buy the stock too.
Dan Dwyer |
