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Cobra Electronics Anonim Ortaklık Message Board

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  • pjv2xyw9dww4b6 pjv2xyw9dww4b6 Mar 5, 2011 10:13 AM Flag

    NEW 3 year High close $4.04


    "The reporting person intends to review his investment in the company on
    a continual basis and engage in discussions with management and the Board of
    Directors concerning the business, operations, and future plans of the
    company. Depending on various factors, including, without limitation, the
    company's financial position and investment strategy, the price levels of
    the common stock, conditions in the securities markets, and general economic
    and industry conditions, the reporting person may, in the future, take such
    actions with respect to his investment in the company as he deems
    appropriate including, without limitation, communicating with other
    stockholders, seeking Board representation, making proposals to the company
    concerning the capitalization and operations of the issuer, purchasing
    additional shares of common stock or selling some or all of his shares, or
    changing his intention with respect to any and all matters referred to in Item 4."

    not exactly a pair of handcuffs, is it?


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    • That's right. The purpose of investing is buying low and selling high, first and foremost. And trying to time one's entry and exit points accordingly. Personally, that means, especially with a stock like COBR that is "thin" and therefore can be volatile, that "playing the short term swings" in the stock may be a valid strategy for me to employ...lightening up if it gets "overbought" (in my view), and buying if it gets "oversold." So I don't "handcuff" myself; I remain flexible. Meanwhile, while looking at my own view of fundamental value, and potential growth, and potential for the Street valuing COBR at more "normalized" levels (relative to other companies in the investment universe....which has been increasingly happening, I'm happy to say), in deciding how and when to reduce my "core" position. As it stands now, SEC reporting rules say that every 1% change in my ownership (of the outstanding shares) requires a new 13D filing. Since my last 13D filing reported 9.4% ownership, then, by law, the investment community knows that I still own at least 8.4% of COBR...and no more than 9.9%. (If I went over 10%, I'd become a reporting insider.)