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How's that for luck -- closed at my prediction 6 1/2! Yes, I agree it will probably not go much lower than this. And demand for semiconductors as well as ASTX's products will certainly rise over the long-haul. However, usually I think it's the case that beaten down stocks take somewhere around 3-9 months to recover (if their underlying long-term fundamentals are intact). So, if you're willing to wait perhaps a year to see gains (which I am) I think buying now is a good idea. The optimum time to buy is probably a quarter or so down the road. Since this is a small cap, I would expect that it will stay down for a significant period of time, and then take off rapidly when it recovers. Wait a few months, load up the truck, and don't even look at it for 2-3 years, open your eyes and you'll probably see somewhere between 20-400% return. (but keep a close eye on earnings and revenues) Cheers By the way, tomorrow may be anther down day due to AMAT's announcement (down a couple of points afterhours). |
