I think we have a larger base of interested shareholders.
I'm thinking that the recent price/volume action reflects that those who bought in single digits, have gotten out, or want more than 14 for their shares. So building a base in the 13-14 range is pretty good.
For the long term, this is still a very attractive price. Remember last fall when we thought anything under 20 was a buying opportunity. I bought some more shares yesterday, and from time to time, I expect to buy some more. I think all or most of the bad news is out, and any surprise coming down the pike will probably be good news. Finally, the Hang Seng tested the 10,000 mark again the last couple of days, and bounce nicely above it last night. The Asian markets seem to be recovering nicely. Most people don't realize it, but the best performing mutual funds over the last month or so, have been Asian funds.
Of course, if we hear about a sizable new customer, then great!!
Paul |
