Hi Eric, Joe, Steve and all:
Seems like every time she dumps back below 10 the tension runs
high, the moral gets ever lower, and more of the stalwarts are
missing and presumed gone!
Once again I have to point out:
This ain't the first stock I've held that went into the dumper
for a long time.
My old illustration is probably getting tiresome but here it is
again: I bought AMD at 18...14...10 and even at 9 something on
intra-day trading last year. At that time, AMD was posting one
loss after another but, I figure, they're the closest thing that
Intel has to any kind of competition so I held on and added more
and now, the last couple of days, AMD has been trading at 38-plus
and has a lot of positives coming out with brokerages upgrading
the stock all the time and a target of 55 by next year.
Also look at the commodity stocks...MU for one: it fell to around
13 from a high of 95 last year. It looked like a sure-fire candidate
for the boneyard and now, today, with the stability in DRAM prices
and the forecast demand, the commodity players are among the most
active on today's market. MU is over 40 once again.
My point, FWIW, is that there really are worse-looking investments
than NOVL, a company whose installed base is growing and not shrinking
and a company that is making money, not posting losses, not to mention
that other tired old saw about the rising cash and securities and the
wholly-owned assets and equity stakes, etc.
Besides that, I still think that staying long on AMD is far riskier
than staying long on NOVL at these prices; maybe NOVL will see 8 3/4
as Jim says but, in the long run, I can't see as much downside risk
to NOVL as to many other stocks.
On the other hand, I can still see a lot of upside possibility to NOVL.
It's understandable why so many of the old NOVL boosters are impatient
and disgusted but, IMO, this thread's morale is lower than it should
be. If NOVL does fall below 9, I'm definitely adding a few thousand
shares--I think that'll be a pretty easy call!
Good luck, all--better days ahead! |
