it may be a good long term hold
but it time to dump and find something better
or more value.
I am considering taking all out and dumping it in value funds.
best situation for a rebound
recent past. As it came off 13 I sold most and have been rebuilding under 10.25. I'll hold unless weakness is seen. Nothing stands still for long. MNTG has been holding very well but all things move. The mkt trend is down and few issues have held this well. Any good news will propel it up again and it may be able to stand bad news a little longer. Still, nothing stands still -- either up or down. The way it has been ranging has been good for traders too ;-] Since Apr I've only seen good things with the stock and at the mountain.
up you may see fund mgrs taking profits. Some mgrs may dress with mntg but unless they see ST (3 mo or less) an increase it will not be held. If you were a mgr would you add mntg or pfe,,, depends on the fund to a large extent. One reason many are holding/buying is ADV is holding-- but needs to grow also. Most mgrs do not have the time frame you spoke of for gains. Hell, I do not have that time frame and if I believed it would take awhile to get back above 11.5 I'd try another in the mean time or take the interest on cash until it begins to move. The % that hold no movers is low although those tend to hold lg vol. If this drops between 9 1/2 & 10 look for buyers. Much below 9 1/2 and you could see a very big drop. So much has traded at 10 that most will not permit a loss in this mkt. That helps the support at 9 1/2 but if breeched................
mntg is presntly my largest holding. I may not be making myself clear.Ijust believe that these shorts will not be bought back till next year and were used to defer capital gains and this issue will hit 20 in 3 to 5 years.WE presently will have record revenues and EBITA.But earnings will depend on controlling costs.I could only sell at this price if Iwas called out on margin..Mutual funds bouht 6,000.000 shares between april and the end of JUNE, maybe a little window dressing end of september
shorts HAVE to cover. Such a high % short can be a concern but since it is holding above $9.50, support (actually $10) I have less concern than they must at this time--- added a little more today,,,
During 3 months ended june 30,2001 holders of previously issued options and warrants to purchase common stock purchased a total of 2,996,502 shares between the price of .80 and$4.875........CSCO Iwould guess ,can t they short and take some profits next year?????