RE:RE:Sold 50% of my positionHi Micro,
Selling half could very well be a very bad decision.This would not be the first one i have maid.
Like you, i am still a believer in the story but i wanted some munition
for another play(Akita).I think Akita could, i say could double and maybe triple
within 12 to 24 months.Not in the near term but we all know what happens when
we buy great undervalued company at the right price.
I had to wait 2 years before my DRX acted like i thought they would and they did.
Who knows, it may take some time for Akita but we know what happens when we discover
a very undrepriced company and let the time do the rest.
I am 64 and been investing since the age of 18.
When i was young, i used to go on margin when fully invested.This was for me a very bad thing to do.
My biggest mistake were done when on margin.
Emotion kicks in much much more when you are leverage.
Leverage is good when the market goes on your side but it is a disaster when
proven wrong.
Having sold some DRX, i won't need to use margin to buy more Akita.
After reporting, if Akita goes down, i will have the cash to buy more at a cheaper price.If they surprise me
and the results are better than expected i will be more than happy buying more at a higher price.
Right now, i have 88,600 Akita shares.My first intent were to take it to 100,000.
But now, with all the cash i have, i may go higher.
Looking forward to read the DRX and AKT.A Q4 results.
I am keeping my other half of DRX for the next leg up.
Take care.