Air Industries Group (AIRI)

[Pat]

This used to be a better flipping stock than it has been lately. It once was a virtual ATM machine and it treated me well. I think there is still some money to be made flipping but using smaller spreads. Having said that, I'm no longer as comfortable about their long-term prospects for shareholders as I once was. At best, I think it's probably dead money for a year or two. I think it will follow the pattern we've seen lately. Nice contracts will be announced, the price will react favorably, but it will not hold the gains, and will drop down to pre-contract prices. I'm not as confident as I once was about a big long term cap gain from them. It's solid enough to where I don't think we have to worry about taking long term losses from current levels which is comforting. I'll continue to be a flipper as new contracts come in. I have a core position too, so I hope I'm wrong and it goes ballistic.

Pat