This may sound crazy but I sold 50,000 shares of this stock between yesterday and today. Still own 280,000 and my average price on all is a little over 4 and I feel like I left money on the table. I believe this thing is going higher in the short term but I was o overweight I had to lighten up. I am happy with the gains and I dropped 3000 shares on a bid showing 600 twice and it just gobbled it up. Not one time in 2 days did my sale take out a bid. Someone has an insane appetite for this stock and I can't figure what short term catalyst might be the trigger. Go back through my posts and I have said all along that $10 early in the year, mid teens by year end and a takeout in 2011. But this thing continues to make new 52 week highs on good volume and keeps chugging on ignoring a down day. Could someone be swooping in already? I don't think we are at the levels necessary to unlock maximize value yet. Stay tuned.
Sheen, I love this company and I am starting to do some trimming on all my huge positions in other companies as well. I have a ton of RMBS, STST, MNKD, and I am up over 100% on 2 and 45% on the 3rd. This is the biggest position however so I am taking some off hte table oneach one. I will ride the core position here at least until the high tens low 20's. Send me an email and lets compare notes. What industry are yuou in? I am a Semiconductor executive and I do business with SamSung in Austin. I have told a lot of folks there to buy this stock from when it was $3. I was wondering if you might have talked with one of them.