...is selling this weakness.
Yes, I agree that Hank screwed up by not communicating the company's seasonal price adjustments with Wall St. analysts prior to their conf call. It stinks when a company "misses" like this. But I will make a couple of counter points:
1) Importantly, nothing has changed about the company's underlying business value, pricing structure, or growth prospects. The only thing that has changed is investor sentiment because guidance "missed" the number.
2) TSRA now trades for 8x P/E excluding the $8 in cash on its balance sheet. It is ridiculously cheap for a very strong IP/royalty business model with a number of very compelling growth drivers, including optics and silent air cooling, which can drive upwards of $2.50-3.00 in earnings power over the next 2 years. Even a below-market 15x multiple would see this stock at $35-45 in that time frame. A growth multiple of 20-25x would see us at $50-65.
Do your own research folks - forget about charts, momentum, and Cramer. And definitely ignore the riff-raff shorts on this board who know absolutely nothing about the stock they are shorting.
Good luck to all-
I was long TSRA from late June until Oct. 22. 30% loss in less than 2 weeks in a market correction. It doesn't take a wise man to see now is a foolish time to buy.
I see many other stocks which offer better opportunities at the moment (ARST, RHT, VRX, etc.). Why own TSRA and sweat??
Filling a gap down to 15 means WAY SCREAMIN BUY (it already is). Shorts take their chances on any stock that can change on a moments notice if a QCOM settlement or other legal news hits the wire. Stock was 50% higher three weeks ago, fundamentals haven't changed.
Not sure if you considered the theory that you close winning positions after a while, maybe you should Google the term 'profit taking'.
The ones are open are those where I expect a positive development.
TSRA is a good example of that, I'm in loss but not selling, because I think the pps will recover.
Anyway, my CAPS score speaks for itself, I don't need to argue. All you got is multiple IDs.
> If I (or you) knew where the market was heading we would be better than Buffett. >
That was my point.
Your record is impressive with 6 out of 8 losers on open positions. And of your two winners, one is AAPL. I'm sure everyone can lose their own money just as successfully. Ever heard of a stop loss? lol If you want to play games, great, you can post anything you want there. I don't have the compelling need for attention that you possess.
I don't post enough for multiple ID's. See shorts for that.
If I (or you) knew where the market was heading we would be better than Buffett. Nobody knows, not even him.
At least I put my trades real time into Y! and CAPS and beating 84% of other people. Yes, 16% still better than me, but I doubt that you are belonging to that group.
Not even if we combine all your IDs :)