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Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome

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Message: Exit strategy

Exit strategy

posted on Jun 16, 2008 06:41AM

I see some poster now recognizes the possibility of going to $10 but warning of it going down and missing out on the gains ... I must agree with that possibility and based upon that if I was to agree $10.00 was likely .... with my current cost base I would with my core position once it hit $2.50 ... sell 1/5.

This would essentially cause me to lose no money and the remainder of the investment would be playing with "new wealth". At $5.00 I would sell 2/5 ... essentially a 10 bagger and thus guranteeing a nice return no matter what happens.

At 10.00 I would sell 1/5 to double my pleasure and hold 1/5 in case of insanely irrational exuberance. If it went back to 8.00 I would be out or if it went to $20.00 .. I would be out ... yes I might miss even more gains .... but IMO not likely and I'd have more then I could ever spend in my lifetime anyways.

I'm not holding my breath it all sounds to good to be true, but its a nice dream which is not impossible ... but heck .. If I get 2.50 off everything this stock would still be very very good to me!

Orgy

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