Always a little nervous when
.17 starts showing up; however, we've done it again, and held the support.
AOS is really riding a hair trigger right now. That's not always a bad thing, as market makers often try a couple last ditch efforts to wring-out the last few drops of weak hands sitting on the fence, enough to push through some stop losses and cause a crash. I sometimes feel as though their hands are wrapped around my aorta. But, in those times, you have to keep in mind the fundamentals when the trading rhythm is disappearing and she goes flat--then she's on "news life support", meaning it's going to be news (somewhere) that will move the stock, and not algorithms. The news doesn't have to disseminated to you, retail investors, but to the investment community (firms, companies, privates, etc.)
Just the fact they have more cash on hand than their current market cap should be enough to keep you in. Now unless something drastically has happend with the value of all their assets, share price shouldn't be a worry; it will catch-up.
They boast $3.25 in value per share (of reserves), and that's ENOUGH for me to hold to AT LEAST
.50.
90% of the time, bashers haven't 1/10th the idea of what they're talking about, and chances are they are negative elsewhere in their lives as well. I like people who are objective, because they've done their research. If these people bash, then listen. But I promise you, they bash in a considerate, calm language. Aggressive bashers often use their aggressiveness to substitute their lack of quality research, or "expertise", which is hardly worth listening to.
Stay on the calm side.
~BT