SQNM

I have been following SQNM fall as I thought it would and it is now trading at $6.36.  I would consider that a nice price to purchase the stock because I can't see the stock falling below $5.80.  The stock could flutter the next few weeks and if it would fall the ultimate price to buy the stock or possible "valley" of the stock is $5.80.  So BUY SQNM if it is ever at $5.80!!  It is a historical cost value I place on the company and I put in in the same range as RIMM @50, DELL @12, BAC @11, etc.

In conclusion, I like the stock and would buy @ $6.36 because even a 10% loss of investment is where I consider the stock to boom back up to $7 or a 20% increase. And I would actually hope the stock would fall because I would re-invest more money and watch as my money returns the 10% monthly return.  If my portfolio was 100,000 and cash available was 50,000, I would invest $5,000 or 10% of my cash available in SQNM @ $6.36..




On a side note, have you been watching Las Vegas Sands (LVS)..I'm not sure if that stock will be cooling off any time soon..........get it