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Re: plfminthemiddle post# 1132

Friday, 09/17/2010 11:00:03 AM

Friday, September 17, 2010 11:00:03 AM

Post# of 1241
I am still holding ARAY... but only about HALF as many as when I first got hooked by the technology.

Once I realized that mgmt was given to falsely deceiving shareholders while looting earnings every quarter, I resolved to trade it to lower my basis in ARAY.

I loved the drop to 12 back when: sold some shares at 17, bought at the drop 12+, and rode the run back to about 16 & bailed on HALF... it evened out most of my "hostage dollars" that ARAY had taken away from me when I bailed out of half my holdings after that buy-in around 12 and selling at the top of that run.

It got harder FOR ME to play the moves once it got down in the 5-7 range. I did one more trade cycle just below 7 and sold out those shares close to 8. I've been holding my core position ever since. I just could NOT convince myself to BUY ARAY again when it was under 5. Would have been a modest little gain again.

I really must get better at TA so I can play based on charts with some degree of confidence. (MY) Charting stocks is way more unreliable than charting commodities IMO.

I'm very surprised ARAY is still single digit... however, I am resolved that IF I ever have a cancer CK can treat, CyberKnife will be my choice. In fact, I almost made out a Healthcare POA to that effect... but my attorney convinced me to hold off on that so long as my spouse and I are of sound mind... LOL... that is an uncertain time span for sure!

I have not looked at any of the other plays you mentioned in your post...

however, blinkx convinces me I should take a close look over the weekend and get back to you. Too bad for me I did not sell HALF my ARAY and BUY blnkf at .30+ back then 2 years ago.

I did finally buy some... not enough to brag about and it was just above .50 which is NOT the gain I could have had IF I'd listened to you earlier on... still about 2x is not bad.

Last I knew, though, being up 4x was better than 2x! and BOTH beat ARAY over the last 2 years!

"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett

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