#CBU Stock
22 messages in this thread
Commodore stock closed today at 8 1/8. That represents a one-day gain of
over 10%. Does anybody have any idea why?
Should I sell the house, car kids and dog and get in while the gettin's
good?
I think CBM's stock just went up with the market as a whole. Watching
CBM's stock performance for years now, I wouldn't recommend it to anyone
(well, I *do* have a few enemies…).
Uh, the market dropped 2 points today.
OK, so maybe the stock on occasion goes up all by its lonesome. But not
often. I sold mine about 4 years ago, and lost about 30% of my investment
(only a few hundred bucks). However, a friend of mine bought back in
CBM's heyday at $35 per share. He's been holding ever since in the
deparate hope that the price will rise to the point where he can bail out
without losing his pants along with his shirt.
PS…I still invest in CBM products, though.
Yesterday it went up another 1/2 point.
Steve-
Why's the stock going up? Is there going to be an into at the June CES
involving that CD ROM – game machine thing?
Tim
Yes there was an introduction, but I don't think that's the reason the
stock is going up. CBU closed at 9 1/8 today. Pretty high volume too.
Seems lots of people are curious about the stock price rise. I'll just
say I think it's big times ahead, and leave it at that. 🙂
Steve
Steve-
You optimistic analysis intrigues me…I've been thinking about the
wisdom of buying a 3000 when available (I have two 2000s) because of CBMs
relatively weak position in the computer market (compared to Apple and IBM,
of course). I use the computers at work for business purposes as a
write-off, but good business software is scarce on the Amiga platform.
However, if the new products really take off, bringing in lots of
development money, I'll take a kinder view of the situation.
Tim
It dropped in what appears to be profit taking today to 8 3/8. In any
event when I bought in at 7 3/8 I intended to be in for the long haul based
on what I think is some aggressive hiring policies, Dos 2.0, the A3000, and
some very interesting opportunities in Eastern Europe, which CBU is
positioned quite nicely for.
This is not a recommendation for others as CBU is a highly speculative
issue.
Kevin:
I decided today to place more trust in CBU than just buying their products,
picked up 200 shares at 8.5 today.
-Mike Schiller
CIS: 76416,3065
I agree, you have to be in for the long haul. If you're just in for a
quick buck, things are a lot more iffy.
Steve
Long haul? Naw, go for the killing, but do it in options. Rob.
Well, "don't bet what you can't afford to lose." That being said I bought
C= call options when the stock was at 7 1/2. I'm counting on 'em to pay
for my A3000. — Art
No, too safe, all you can do is lose your own money! Buy options on margin
using a second mortgage!
John
Yeah, someone around here sank a *lot* of money in options expecting the
price to be up last February, and probably lost it all. Options are too
iffy for me. :*)
Steve
It may well be that a few of those who have lost money on Apple, Adobe, IBM
and other high tech stocks are moving their money to a new venue. The high
techs have taken some big hits over the last two weeks, in the case of
Adobe they lost more money per share in one day than a share of C= costs in
total. So it may be that a few of those who've lost on the other computer
stocks are looking for a less volatile issue. And with C='s low price by
comparison, some of these folks may have decided to throw a few thousand
that way just on the off chance that C= starts making some gains, while the
others are trying to rebound from their losses. That combined with the
recent articles on government sales could turn a few heads. I wouldn't
sell anything to buy C= stock, but if I had some extra bucks stashed away,
I'd take a few hundred shares.
I agree. CBM stock is not necessarilly a *bad* investment, if you, say,
bought at $3-8 dollars per share, and have some *extra* cash lying around.
My theory is that C= stock, if it ever does hit, is one issue that will
require a lot of patience and "sitting on". sooner or later you will make
money, should you decide to sell and take profits. The thing is that as a
multinational company (and reasonably diversified), they may actually be a
very good long term investment. To invest in them, these days, however,
reqires believing in their Amiga line, and or any new technology they may
develop along the way, as well as their management (The last item blows it
for most :-)). Personally, I picked up a few hundred additional shares two
months ago, simply because i have confidence in the "man-of-copper" and
crew. Wall Street analysts even tend to agree with me. -Rick
Rick-
Try mutual funds. Unless you like to live with High Risk rollercoaster
rides. Other than some loyalty to CBM, I'd have to advise anyone I know
against their stock at this time. Depends on what they got up their sleeve
this summer.
Tim
I'm not so sure, Tim. like I said, before, I used *used* extra cash… I'm
not looking for a quick return. And I know there a lot worse investments
one could make besides Commodore stock.
What I said about the issue requiring patience does hold true… And of
course, I don't know when it is *ever* considered 'advisable'. 🙂
I just feel that if there is a time to buy into the issue, now is the time
to do it, that's all. But be prepared to sit and wait on it.
Or in other words, don't expect to make a quick kill on it, that's all.
Rick-
The stock has inched down a little lately. You know, if Apple or
Nintendo had shown the CD ROM thing at CES rather than Commodre, I bet the
press would have gone wild with superlatives. As it was, it was just one
of several products covered in the newspaper.
Tim
I'm not thinking of Commodore's 'baby' as being the prime reason for
purchasing their issue… 😉
-Rick
CBU hit 9.5 midday today, don't know how it's going to close, though! I
wouldn't sell the house, but there's room to move if you have a couple
bucks lying around (IMHO, of course!)