Now hold 134K+ shares
this might be a decent entry point in this new year.
Last year made the conscious decision to "avoid" selling my SIMO loosers for tax reasons.
Sneaky feeling that this might "run" and you could see $5+ and these $4's might be a thing of the past...
Filled Buy 5029 SIMO Limit 4.31 -- -- 10:27:26 01/06/11
Order No. 7103734598 Silicon Motion Technology... Entered:10:27:20 01/06/11 Reuse
Filled Buy 7029 SIMO Limit 4.31 -- -- 10:24:22 01/06/11
Order No. 7103697847 Silicon Motion Technology... Entered:10:24:15 01/06/11 Reuse
Filled Buy 3829 SIMO Limit 4.3099 -- -- 10:21:49 01/06/11
Order No. 7103668436 Silicon Motion Technology... Entered:10:21:42 01/06/11 Reuse
Filled Buy 2200 SIMO Limit 4.31 -- -- 10:21:48 01/06/11
Nice, to see the move upwards.
The big money to be made is FAR above here but requires patience.
On Bloomberg a couple of days ago, an analyst was talking about flash and smart phones.
The #'s of smart phones going out 3 yrs were amazing - something like a Billion. (I tried to find/listen again but cannot find - 1-24-11)
If SIMO is "positioned" - then I believe we have a gusher here for the next 2 years.
GLA and roll on Monday.....
Now today - I'm pleased withtthe decision not to take losses/2010.
SIMO is the one stock I own that I "know" has the "potential"
Most people here(incl myself) may be amazed as to the potential.
If we are right we will be super rewarded but the Volatility will be high.
Bottom Line let the business dictate the price and basically that means all of 2011. If we have 50% of the potential - OH BOY!!!
GLA and the shorts here need a little pain(that sell off after earnings was piggish if you didn't take profits)