Well, guys... I dumped it all today. 2000 shares. This sucker has put a major dent into my pension plan. I'd rather use the money elsewhere. I've waited far too long to do this. Ignored the 1st rule of investing: Don't fall in love with a stock.
Even in the face of the pending dividend and an exploding market (imploding today), CREAF has languished. Why? It's obvious: nice products, lots of cash, but business as usual, no surprises, no strong growth. This complacency allows competition and new technology to steal the future.
CREAF's market is just too narrow for my taste. I'm not a game player; I don't listen to music on my PC; I don't watch TV on my PC. How will CREAF compete in the product manufacturing world without a product line and focus which will EXPAND their sales exponentially? Where is the MASS appeal? I think the market for commodities is far too tough to make it unless you're the "gorilla" (Dell).
I'm going to put the $$ to work in a sector that's growing: communications, networking, cable, fiber, etc..
To all the loyal fans, best of luck! The quarter should be good from SBL sales and DVD. You might see 20, even, then 18... 17.... 16...
You get the picture...
P.S. Guess who flashed through my mind: Vanni Resta!! He was right after all... |
