I'm still watching and wondering.
I'm confident that FORE will recover, but how far how fast?
It does seem like an attractive target at these prices, but so do so many other companies. Those with deep pockets could peruse:
CS $1.2b
XYLN $624mm
PAIR $520mm
MADGF $136mm
SHVA $121mm
LARS $74mm
or FIBR for a mere $16mm in market cap
If LU had waited, they could have picked up 2 or 3 good companies for what they paid for YURI. Even at $75, LU could grab a few plums using pooling of interest, and make out like a bandit.
I'll stick with my current stake in FORE (18 11/16), and look elsewhere for buys. If FORE is a buy at $16, XYLN is a screaming buy at $15. And NN in the teens is nothing to sneeze at.
But are tech stocks the place to be? With so much uncertainly, Friday doesn't seem to be the day to accumulate shares. A nice long weekend to contemplate things,
You all have a good one,
James
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