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Non-Tech : LIFEWAY FOODS (LWAY) -- Ignore unavailable to you. Want to Upgrade?


To: paul lin who wrote (125)11/14/1997 12:40:00 PM
From: mark cox  Read Replies (3) | Respond to of 352
 
Hi Paul
No I didn't sell a single share. I could have made alot of money but I am sticking to my strategy of holding for years. In this case I would have been better off selling but the next time who knows. I am afraid that if I ever sold some thinking of getting back in at a much lower price that some big news release will come out and I'll be scrambling to get back in. Plus some of my purchases are now 16 months old. I'd hate to start the clock over again. As I have mentioned before it's hard to time explosive microcaps. I consider my present holdings in LWAY as my early retirement dream because I believe in my 30 bagger scenerio, ( 28+ to go at present ). I may however at some point buy more LWAY with IRA funds and play those short term but I haven't yet. I made a mistake some posts back when I said I had a momentary 3 bagger. It was actually a 2.6 bagger. My average price for 8 purchases of LWAY is $3.63.
Did you say that you were looking to buy more in the $5.5 to $6.5 range? Or buy back in. Did you sell any?
I will read the 10Q this weekend. At the moment we seem to have some support in the $7 range.

Later,

Mark