You know, there are some stocks that are just worth holding onto long term and then there are some stocks that just don't go anywhere and man, this is one of them. I have never seen it go past 22. however, I have seen it hit $14 five times now. and at least 19 four times before this. So if you played your cards right within the last 3 years, you would have had youself a two-bagger by now. Not shabby for 3 years work.
High Growth stocks aren't the only way to get your baggers. Cyclical trading can be just as good.
This is yet another exercise in buying low and selling high but let's not run into this blindly. We'd be fools to think that it would hit 20+ again just because. So ya, it's the leader in digital media software for PC and ya, it has no debt and a solid cash base but the big thing for me is that it has excellent growth prospects in the next generation of media which is headlined by high definition DVDs (BluRay & HDDVD). The new media formats will spur a new round of software upgrades for Sonic and send it northwards. As always, we'll see.
Notes:
In Portfolio: In at $13 and will buy more as it goes down, if it goes down.
Duration: Start selling off at $18
Let's Go: Warriors, Let's Go! *clap* *clap*
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