Hi Marc,
Just because a company is an industry powerhouse is not good enough for Mr. Market. What he always has his eye out for is the next great thing. I don't know S3 very well, but I suspect there's a glimmer in some trigger-happy day traders eye about how they will have a killer product coming down the pike. Maybe we should consult Danny Miller and see what he's touting these days. Maybe it's not ATY. I got completely flummoxed when shortly after I joined the ATY faithful, NINE rocketed from $1 and change up to $4. For a company with no earnings, and a so so product line! But, gosh, "it was good" for someone.
This particular industry sector is really driven by some highly adrenalized, and dare we say, unseasoned players. I don't put much emphasis on the gyrations of the present market. Have another brew, relax. ATY will have a pop some day and then you can decide if you want to get off this particular cloud. IMHO, it would be silly to jump ship now, and just as silly to let emotions control our intellect. In the short run, technical factors and irrationality control the market. In the longer run, the market will recognize the value of a company which has finally overcome the "leapfrogging leader" syndrome in this industry. I put my bet on KY a while back. I don't see it any differently today.
Sweet Dreams My Paranoid Friend! |
