Bought 5000shrs of this piece of sh-- a month ago @ 14 3/8. Sold it just now @ 13 3/8. For those watching this in Florida, it's pnly a piece of s--- from the standpoint it doesn't meet my objectives when so many others now do. Hold long and should be pleased in a quarter or two.
Howdy Jack, (47-Aerospace huh? you sure about that?)
Just had to have the last laugh did you. Well, I do feel stupified having held this for a month at 14 3/8 and then sell today at 13 3/8! However, if you've been watching this thing daily for last month it's been trading between 12 - 14 tops. Then hours after I sell it goes to my original buying price! That's called Murphy.
And while I've sat here tying up 5000 shrs of ADIC, the $ could have and will be better spent somewhere else. The time it takes ADIC to hit "30's" maybe acceptable to slow burner-afford to wait N hold-orthodox longsters such as yourself but, while you're doing that, other stocks that have also been beaten down will appreciate much more much sooner.
Funny thing - I've been "playing tech" for about 10 yrs now. Trading in the numbers I'm dealing with, my 5 K loss today can be offset by a 5-10 K gain somewhere else within 1 - 3 trading days.
I gave ADIC a shot (30 days). Like I said, it does not serve my objectives as well as others. Others can take this experience I'm sharing and use it or, pitch pompous big shot messages back at me - I don't care - I've moved on.
DUMB MOVE.Merrill Lynch analyist just was on CNBC and said EMC should do very well as storage will be hot in the near future.There is plenty of room there for ADIC,and they will execute and get their share as there is plenty to go around.Look for upside to 16 over the next few weeks as spending starts in storage.BAD MOVE.Adamo
While ADIC may have upside to 16 over next few weeks, too many other stocks meeting my objectives will perform better for me. On another note, analysts have been hyping the storage sector for last few weeks, specifically EMC. While EMC has risen, seems to have had no significant positive impact on ADIC.
Being "DUMB" is relative. Sincerely - Good luck to you.