Just bought a bunch more shares down here - thank you to everyone who sold to me! Christmas in July again! Many very stupid people here who sell when they should be buying and buy when they should be selling. Now it is time to restrict all the shares that I have accumulated from being loaned out to shorts.
Not really. I am not aware of any thing particularly with the cable industry. But I heard some other stuffs. I treat them as rumor. Anyway, the valuation is not bad as long as this company doesn't burn much the cash.
More I think about it, more I'm glad to be out of UTSI and here is why: I have been trading UTSI for several years and never have experienced such large and consistent disconnect between share price performance and fundamental progress of the company.
Seems to me that two possibilities apply here.Either somebody "artificially" maintaines pressure on pps in order to accumulate large number of shares/individual risk/ or Mr.Market knows what most investors don't and there are simply no accumulating long term buyers/market risk/.
From long term investor's point of view it is not sufficient to conclude that "Market is wrong".This is probably the most tricky part of speculation.Sometimes you win but most of the time you don't.
==Just bought a bunch more shares down here - thank you to everyone who sold to me! Christmas in July again! Many very stupid people here who sell when they should be buying and buy when they should be selling.==
How about this load that you bought at $1.50? You still feeling, uhm, like, "thankful"?
Sucks to be you! <ROFL!>
To much optimism.I've decided to wait for below $1 accumulation.
Have Nov and Feb 2.5 calls.If CHINA can test all time lows why not UTSI.Sounds little scary,another 50% hair cut?
Nothing is impossible with stocks like these.
==Christmas in July again!==
Isn't that what you said after you bought Lehman Brothers (LEH) three years ago?
BTW - which holiday were you celebrating last month when you bought above $1.80? <wink,wink>