Hi Mr. CUBE;
Now that one of ny stocks has been bid for a buyout (Royal Philips offered $17/shr but I'm holding hoping for north of $20), I wonder which stock will be next to go, in the same way.
I traded VLSI three times. I first bought it at 10 last summer. I placed a GTC order to sell it at 12 1/2. The stock hit 6 last October. The order kicked in sometimes in December. I bought back at 11 and placed a GTC order to sell at 13 3/4 (the high reached the previous time). The order was filled, sometimes in January at the very high of the day. I bought back at 11. The stock went to little less than 10. There was an upgrade and the stock rallied back to 11 and 1/2. It then came back down to around 10. Someone posted on SI and Yahoo that, using level II, he saw accumulation by ONE big institution. The guy has been a reliable indicator for long time. So, when two days ago the stock dipped to 10 1/2, I doubled my position. The same night, after the bell, came the bid offer to buy the company. That was great luck, I suppose.
INPR seems to be fighting its way, on its own, after the company stopped buying back. I do like what I am seeing as stock action in this very tough market. Will the company show improvement this time around (in the next earnings announcement), I sure hope so. At this stage, Del has brought the company back into profitability. The next stage is to start showing growth. My fingers are crossed.
Ghassan. |
