Thanks for your comments. I am contemplating building a rather substantial position of Essex as I sell off some non-performers. If I follow your lead and accumulate under $3, do you see any reason why I might be taking on any undue risk? I feel that Essex is a potential $15-20 stock by the end of the year.
To R. Rankin:
I can understand your consternation about the games that are played, but if one chooses to play this game, one has to get used to it and, better yet, learn, like Sudhir, how to intrepret some of these things. Sure it's like reading tea leaves and playing monday-morning quarterback, but most of the time that's all one has to go on. Don't expect the company to make an effort to console their shareholders and hold their hands. Heck, most just want to lift your wallet. We're operating within the vse reality, not idllyic conditions for the squeamish. If you sold @ $3.30, the worst is you can probably buy back under $3 if you decide to jump back in, nothing wrong with that. I would suggest you re-affirm your commitment and conviction for the reasons you bought Essex before and define what your expectations are,
and play accordingly. It will be a rocky, bumpy road to $15, but I for one intend to try and stick it out. I have bought in twice, the first time at $5 last spring, so bear in mind I have to be somewhat convinced, or foolish, to re-invest and now talk of adding a third or fourth time. Don't expect this game to be fair and civilized, it ain't
never gonna be! Look down the road towards May, what price will Essex be at then?