Gemsie, if I remember correctly your cost basis was $7. How did you protect your profits @ $6? Sounds more like a damage control move. Of all times, why would you do that now after all the good news? Looks like IMOS is consolidating over here.
Just curious why this time IMOS went up
you did not protect your profit with a
stop order and just buy back in again on
the dip.. Just in case it does what it has
always done and go back towards the $5.60
Sure I hope so. I'm slightly concerned though about the larger stock market getting carried away to the downside in the short term. Volatile growth plays like IMOS often get the brunt of that. It'd be a shame for IMOS to fritter away its recent gains. At least the recent good news might blunt that. Then again, IMOS may resist and become one of the plays for the money getting sucked out of a lot of lamer stocks.
I'm holding either way.
Probably won't be able to resist the market pressure. But, it doesn't change the fundamentals, the forward guidance, nor the undervalued situation we find ourselves in.
The market is going to set up another good buying oportunity. Any move under $6 I'm buying and will continue till it retraces $6.