Servotronics Inc V.SVT

Primary Symbol: SVT

Industrials

Servotronics, Inc. develops and manufactures servo controls and other components for various commercial and government applications, including aircraft, jet engines, missiles, manufacturing equipment and other aerospace applications. The Company's Advanced Technology Group (ATG) segment designs, manufactures, and markets a variety of servo-control components, which convert an electrical current into a mechanical force or movement and other related products. Its servo-control components produced include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices. Its operating facilities are located in Elma and Franklinville, New York. The Company’s products are marketed and sold throughout the United States and in selected foreign markets.

NYSEAM:SVT - Post by User

Servotronics Inc > Close to 2 million...

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Comment by NEMOMEIMPUNEon Apr 27, 2020 11:39am

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Post# 30957713

RE:Close to 2 million...

VinnieP !

Here is the "thinking" behind 250 000 of those shares (actually...not much thinking).
Saw this stock in "welth bakery" by accident.
Did not do any DD, just thought that the price was so low that it is either bust or up. The scale pointed ......up, I think !!
Tried to find my wallet...was there any spare money, that was in order to lose without tears.
One last glance at the company....aaaaand hit ! 250 000 during aprox two weeks and one buy order just now for 25 000 (4/27). Perhaps 25 000 later when (if) I can "fool" my wonderful wife to give me some extra dough (is that the proper word ??).

Have I manage to find a lot of money by this strategy. Nop !
Have I lost more than won. I think so !!
Am I crying ? Nop

Hope that the other ones who bought, when I did, did some good thinking.

Best to yoy from Sweden,

NEMO

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