GREY:NTPIF - Post by User
Comment by
dmelfion Apr 30, 2004 3:15am
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Post# 7424085
RE: Nam Tai
RE: Nam Taiwish I was out while it was going down especially today, but I hold some in my IRA and it is for long term... at least another year. I have no rational explanation for AUO except there are a lot of momemtum players in stock and not enough institutional, only 8%. Maybe now it is DOWN the institutions will get in and stabalize it somewhat.
NTE only has about 43mill shares and is still a small cap with 500mill in sales. AUO has 400mill shares and 3billion in sales and I also hold that long term in my IRA, tho now I am in red with it.
Lots made lot of money on both of these and I dont belive any of the down turn for either is based on fundamentals.
If you hold either for short term and have a low cost trading account you can always sell and get back in when you are comfortable. I like to exchange info but buy sell advise is a little more tricky. The pros dont get that right. Guess when market is down you have to expect your stocks to go down with it.
Note NTE did a press release and did help stock hold on today.