After you receive this alert, I will be closing the 275-
share position in LeCroy (LCRY:Nasdaq) in the model
portfolio for a small 4% gain. Shares were recently
trading around $15.58.
This small-cap stock has not performed as well as I had
anticipated. When I added the stock to the model portfolio
at $14.87 on Sept. 12, shares were 39% undervalued.
Plus, it appeared that the company was in a position to
benefit from the reconstruction of communications networks
in the Gulf area devastated by the hurricanes, but there
is still no evidence of contracts in this region for
LeCroy's test equipment.
Today the stock is only 16.2% undervalued, which in my
judgment is not cheap enough to merit the risk of holding
this small-cap stock.
The final edition will be sent out Wednesday morning.
Booking profits in one position and trimming three others.
Suttmeier's closing this protective position, which is no longer necessary.
The market's resilience continues as almost all sectors remain overvalued.
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