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Semtech Corporation Message Board

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  • plantsman plantsman Dec 16, 1997 10:21 PM Flag

    Price target for Semtech?

    I agree 100% with the advice about "catching falling knives". In this type market doing so can seriously wound ones financial position.
    I also agree that SMTC is worth more than the current market price. However a stock's price is a reflection of what a person
    is willing to pay regardless of the stock's true intrinsic value. Once enough people "see" the higher intrinsic value, the
    stock will response in a very positive way. At the present time a price below $40 represents a great buy. In the words of Jim
    Grant the stock market is like a department store with one major difference�. People want to buy stocks only when prices have gone
    higher. Not many search for bargains as they would normally for anything else. SMTC is now a blue light special.
    So my plan is to employed your mentioned strategy of buying 1/2 of what you really want and keep buying on weakness to average out a lower cost basis. I've used this system of dollar cost averaging in mutual funds and its has worked quite well.
    Thanks for your comments.


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