I am going to take advantage of my 40% profit position in ALVR and take some off the table here. Still carrying 2/3 position, but want to allow it to come back in a bit since it is overbought here and is looking topsy. Still believe in this little wimax company from Israel. It was recently upgraded but I thought it was overbought at the 13.90 level. Will have no problem if it keeps running given the position I retain.
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Not yet, ALVR will hit $18 before the year is over.
These guys are coming out every other week with a deal announcement. I have no doubt that that high from '04 will be hit and taken out by the end of the year. My target is for the low 20's by the end of the year, but a little back-n-forth is needed for this stock to get its legs to get up to that level. We are just beginning to scratch the surface of what WiMax means to the world. This little 900 million dollar company from Israel will storm onto the scene very soon. Make no mistake, I will be well positioned, but I am taking a portion off the table here to abide by my trading rules. I will either get back in at a slightly lower price, or will ride on up with my remaining 2/3 position. Either way, I am in a good position with this one.
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