OT: TFO~ (you're going to think I don't sleep lol)...
thanks for the comments!
APT
APT would have to pullback close to 2.60 to get any of my money. If you own it hold it a while, didn't pick a current exit target
I have a stop in @ $2.55 and plan to ride it up as I suspect it will continue to move (MOMO seems good as it is a timely product at the right time and they seem to be going with the flow)
ELN ... I'm very bullish on it, got in at 2.70 a few weeks back ... I'm up my 25% and ready to pull the trigger. Not unusual for me to exit early, never care. It looks like it wants to test $4 soon, but I think it makes one more pullback first and I also say it sees $6 before end of year.
good to hear! me too... The shorts will have to cover those 58M shares they have shorted (IMO)
I have a stop in there too above your possible re-entry so who knows. I think it has legs and many followers that seem to know more about the bio firm than I do posting over on the yahoo eln board... it has been a learning experience for me (and then some)... first bought it in 12/02 and traded in around 2.35 and out about 2.75 then back in around 2.50 and holding since... If the King Pharma goes the best case, look for another .75+ in a day... (IMO) if the second next best case occurs, ELN receives damages but the deal is stopped, then I still think it will move north and hold the price as they have time to prove another buyer exists. The 3rd and worse case if the deal goes away, ELN gets nothing and has to peddle the asset elsewhere.... that could bring it down to around your re-entry I fear... me? I'm holding for awhile longer as I think they'll do well next month. Now just gets us a favorable (Irish) judge <Bg>
PS I decided at the last minute to cancel a pending sale of some ELN (which I intended to use to purchase the SARS mystery stock I will be entering tomorrow if I ever hit the sack --3:30 a. m. comes around awfully quick-- lol) ...decided to off some retail (COST) to open up funds leaving the ELN untouched. Now watch, it tanks tomorrow <g>
I thought I had seen MRVC elsewhere but can't remember where and with this fast overview, probably one I would just watch;
MRV Communications designs, manufactures and sells computer networking products, primarily ethernet local area network switches, hubs and related equipment and fiber-optic components for voice, video and data transmission. For the fiscal year ended 12/31/02, revenues fell 24% to $252.5 million. Net loss before acct. change and extraordinary items fell 45% to $183.4 million. Results reflect a depressed communications equipment industry, offset by $89.7 million in impairment losses.
best and thanks for the opinion, always nice when it agrees with mine<GBb>
aLOha
kp
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