Wednesday, August 8, 2012

Tower Semiconductor

I recommended this share in an Israeli semiconductor plant at 70 cents a share a while ago. The risk averse market drove them down to below 60 cents.  They recently did a 1:15 reverse split so if you bough 150 shares at 70 cents that was $105, and you know have 10 shares. The shares have risen to 10.31 following the split, so now worth $103 so they have recovered a bit. I still think this company has huge potential and now after the split may attract the attention of Mutual Funds driving the price a bit higher.

No comments:

Post a Comment

Please leave me any comments. I look forward to replying.