John-
I can comfortably assure you that the market for Zygo's products isn't getting any better in the next 30 days. If you sell, you can take a nice tax deduction. You can buy it again in 30 days. The asset value is above $7, I think. If Zygo begins to lose money, which is possible, the stock could fall to book value, or $6.50. This value will decline after the write-offs, most likely, as it will if they post losses in subsequent quarters. I think next FY will be worse than the current one, because the market for their products is likely to stay weak for at least 2-3 more quarters. The stock could go a few points lower. I'm still waiting for an entry point, which may not arise for several months. The final capitulation in the equip stocks will probably happen in a few months. I think that there will be plenty of time to buy these stocks for a song, and there's enough time to sell, record a loss, and wait to get back in.
Good luck.
Todd |
