Bruce,
I still have a small position in Avid, as I mentioned, but won't be buying more unless the stock tanks again. I think it's a great story, and would have bought in around 10 if I had had spare cash, but I had used most spare cash on EMC at that time. Also bought a bunch of MSFT short term calls when it was at 95 and sold on the pop to 108, but by the time I sold Avid was already near 20. (I don't use margin)
Avid is a great company. Like most of us, I'm kicking myself that I didn't load up aggressively a couple of weeks back.
Your projected floor ($20) for Avid seems to make sense. I'd guess there's a chance for a higher top-end (than $35) by January though, since Avid was in the mid-40's only a couple of months ago (before Avid management cast all the FUD about their prospects). But it's all chicken entrails and tea leaves. One opinion is as good as another.
OT: Re EMC, it's doing great thanks. Not as good as Avid in percentage terms, but still up a healthy 45% since I bought a few weeks ago. I think EMC's long-term growth potential is clearer than Avid's, so I don't regret the buy decision. They're in different businesses, of course, but there will be some overlap when the video storage market takes off.
AF
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