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Tessera Technologies Inc. Message Board

  • investorpatent investorpatent Jul 28, 2008 4:11 PM Flag

    I'm out

    I decided to cover today at the 16.60-16.70 range. I still believe what I have told here in the past few weeks but rather make a rational decision like many suggested. I've made 31% profit what is not bad by any standard, of course now I wish I got out at 14-15 range. :)

    The reason of my decision: I must admit that the upside potential is just so much bigger than the downside I rather not risk to hold a short position anymore. Not yet considering going long but if the price remains attractive before Thursday I may take a smaller long position. Also some recent ITC document made me thinking but haven't had the time to read them all yet.

    Now I hope the longs can make a nice profit soon too, they really deserve it after such a long waiting.

    Good luck to All!

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30.60-1.89(-5.82%)Jun 24 4:00 PMEDT