What is with AMKR's strength
today? I wonder if this is just short covering as one
poster suggested. This is remarkable for such a bad day,
but it's about time for this stock to wake
I don't know. I do know that for the period I've
followed it (close to a year now) this stock has never
followed a regular pattern. I have a few theories
regarding this, none substantiated:
+ This stock is
widely viewed as a safe haven in times of trouble.
Everybody knows it is still deeply undervalued (I believe
it would be "right" if AMKR traded at 40 around
Christmastime) and nobody expects it to go down and stay down.
Many people play with sexier stocks (e.g. internet
issues) when they look like they are going up. But they
turn to the solidity of AMKR and the like when things
look down. September and October are traditionally
down times in the market at large. Therefore I expect
there to be upward pressure on AMKR.
+ There are
8M short shares right now. Some of the shorts
holding (is this the proper term?) these shares are
doubtless frightened. I know if I were a short, I would
cover right now, rather than trusting to SSB to bring
the stock down again. Frankly, I don't know who
believes SSB anymore among the holders of this stock --
the weak hands have already folded.
+ The PRU
upgrade may have got some people buying.
+ It is
widely anticipated this stock will soar once AMKR
"proves" itself by posting good to stellar Q3 earnings. It
is possible some major players are rotating their
money into AMKR in anticipation. Indeed, I have seen
such shifts in stance a month or so prior to every
major valuation increase I've witnessed.
end, though, your guess is at least as good as mine.
Yes, I think it does. Sort of. I used to be a
pure value investor, Columbia Gas System, GPU,
Carbide, etc, but I caught the momentum bug with SCUR - I
got 50 shares at the IPO and flipped them the first
day. I made a thousand or 2 and it has been a struggle
ever since. I wish I had stuck to my guns but those
big run ups are too hard to ignore. It's greed I
suppose. I don't have hard and fast rules that I stick to,
although I'd probably be better off if I did.
far as I've looked at your picks, I especially like
nmgc and cdn.
As for mine, I'm not really crazy
about anything now but I do own some ODP - just bought
it and some MCK - again just bought.
older I get the less I like the lower priced issues,
but I do own some IMAT. Great product but poor
management. Poor management will kill a great product every
time. I do hold out hope on this one, however.
What is with AMKR's strength today? I wonder if this
is just short covering as one poster suggested. This
is remarkable for such a bad day, but it's about
time for this stock to wake up.
Thanks for asking, I am
Unfortunately I don't have very many picks at the moment. My
criteria are as follows:
+ High tech -- Simply because
this is what I live and understand, as I do not
understand, say, purveyors of gasoline or coffee house
+ Leader in field
+ Very undervalued at present
-- If I don't think a stock will be 3x in a year I
won't touch it.
Right now this is a hard combination
to find. I have a couple in hand:
(IOM) -- You see these drives everywhere, you don't see
much of their competitors, yet the stock is trading at
1/8 its peak value. I believe recent losses account
for this, and as soon as the company produces a
profit the stock will be 3x its present value. I have
some of this.
Neomagic (NMGC) -- They are
perennially undervalued, despite being the graphics solution
in the laptop space and turning out a profit quarter
after quarter after quarter. I have a little in the
hope that they may hit what I think is their natural
value -- around $30 (they are at $8+ right
Cadence (CDN) -- I have personally worked with them, and
I know from experience they are a money-making
machine. When then went down to $10, I was getting ready
to buy some, but they bounced back up to $13, so I
won't touch them because they violate my 3x rule -- I
believe their natural value is $30.
I hope this
helps. Obviously you should do your own due diligence
rather than taking my word for any of this!
I have stopped reading messages from Lisa and
Sammy. I used to enjoy reading yours but unfortunately,
lately your messages have been mostly low-grade
exchanges with Lisa. Respectfuly, I ask to mark such
meaningless posts with <OT>. Thank you in
Regarding trading, we have fundamentally different
strategies. I work for a living -- I do not have the freedom
to keep my eyes glued to a Bloomberg terminal all
day. Also, I am in an unfortunately high tax bracket.
Consequently the long-term capital gains tax is extremely
attractive to me. Therefore, my strategy is to hunt out
undervalued stocks, research them to ascertain they are
indeed undervalued, buy a significant amount of that
stock and sit on it for at least a year.
not to say your way or my way is right or wrong. They
are just different.