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Technology Stocks : ACII - AmeriChip International, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: kezman1 who wrote (4480)8/12/2007 3:19:34 PM
From: phoenixrising1  Read Replies (2) | Respond to of 4616
 
Fortunately, if you can call it that, I kept my exposure to between 250K and 300K shares. But still, that is a chunk of change I would like to get back. The only down side now, is that the return multiple is 7X what it use to be. Share price at $1 doesn't get me the return I was looking for. I need $7 share price to get the equivalent return I would have received at $1. The risk stayed the same, if not gone up, but the return went south by 7X. So now my risk/reward criteria is shot on this stock. I might still be OK with this change if I sensed that the company's prospects have improved by 7X. Only time will tell.