GREY:AZDDQ - Post by User
Comment by
eljoroon Mar 24, 2011 11:59am
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Post# 18334637
RE: hello out there
RE: hello out thereIt might come as a small surpise but I lightened up my Azure position today by about half. Azure has become too large of a percentage holding in my portfolio and I was missing opportunities by keeping so much money tied up in a company that frankly hasn't provided great returns for most investors. While I wasn't disappointed in the revenues after a night of thought I wasn't all that impressed by the obviously poor margins, and the low end of the range of revenue projection for 2011.
The prospect of another potential dilution really deflates me, and while I still own a decent number of shares of Azure it's a more reasonable number, and will allow me more flexibility and certainly will give me a smaller headache.
Cheers,
El Joro