Some of us are neither scared nor frustrated. Just talking reality. Many of the �longs� are not true longs at all, but are trader-long hybrids (Chameleons) �and is evidence by the fact that they readily turn in their shares to the Specialist following any 50 cent gain or nothing PRnewswire release.
Also some �longs� that become highly leveraged too easily become nervous longs (Nervous Nellie�s). They can drive a true long nuts (as you have seen). They are basically long but climb the wall of worry all along the way. To a true long, they need to "get a backbone". To others (and this is also frustrating), they may appear like they are doing their DD by continually asking questions. They can become incessant in asking questions to which no one or very few people could possibly have the answer. A true long would probably rather read posts by a short that supports their opinion than those by a Nervous Nellie. A Nervous Nellie may not trade on small percentage gains, but if the stock goes down will be a close second in expressing FUD; the short being the first.
I wouldn�t necessarily want to see a takeover. But the company�s growth rate, ROE, and the fact that it�s a relatively small and neat operation makes it a takeover target by larger corporations willing to buy growth. All the big contractors that I have taken a look at I think are mismanaged�or behemoths with so many variables that they are difficult to guide. Many times they don�t meet their deadlines and their books are messy and complicated.
In terms of takeover, it doesn�t matter whether if the business is strong or not�it only matters whether if the people with the shares and the power are willing to part with those things for the price offered.
as a long i am not interested in a takeover, i am only interested at making a certain profit from my investment sapro, i like some of your ideas about longs ... but there is also 1 point to be considered ; the position you have in a stock ... i would imagine that someone holding 500 shares long will act differently than somebody holding 25.000 shares long ... wouldn't you ? i would consider myself a true long, but nervous from time to time ... the good fundamentals of dhb and the fact that untill now i did not find another company that is better to invest in ...makes me stay for a while ... i saw somewhere that next earnings will be announced on november 11th ... so normally that is the date that i will be waiting for
Let me tell you a story. One of many similiar experiances.
Last year on Sept 24 I bought 2,000 shares of Bradley Pharm. (BPRX) for just over $7. It was a very frustrating stock to hold. The company kept on having great earnings reports and the stock would keep making fake moves up. It would go up to about $9 and keep going back to $7 and change. No explanation.
Go look at it now. It just kept up with the great earnings and was rewarded. It now trades on the NYSE as BDY.
I`m not letting this one get away without a big reward. If the a-hole traders here want to buy at $4 and sell at $4.20 I don`t care for the handful of peanuts. It will take a management screw up or some solid reason for me to sell. It is too hard to find another bargain like this one. Few true bargains out there.