RE: YADid you read what I said, maybe you can’t read, I am short at 4.10 with stop loss, so I am not down. As for the company if you think this company will make it, are just crazy. It might go higher because of irrational exuberance in the market.
In the long run, this company will be less than $1, book my word in 1 year. So May 15, 2011, we will be less than $1. If you think anything higher than 5, u are out of this world. My guarantied comment is as sure as death and paying taxes.
I mean back in 2000 everyone was thinking that BLD would change the world and the way we drive. The stock went up to 100 but look at it where is now. Making a living in battery business is more comparative than fast food restaurant.
Listen to Market call for May 13, 2010, Benj Gallander, said “Lithium ion polymer batteries, which is a tough place to make a living. Has gone up about 10X from its base. As a contrarian, he is always wary when stocks do this” listen to the whole comment at BNN.
Look what other analyst has to say:
So keep buying and in longer term we will see who will be the winner.
As for the market:
This week is a pivotal week, Greece has to pay back by this week if not then we will be down huge, also look for the euro to go down to 1.20 or lower. This level is back to October 2008 level, which is back to crisis level; I would be reluctant to be long this market. I mean you can pick good names but going long the whole market without shorting something is not a great idea.
Cheers,
JS