JAG:
right you are.
although I was tempted there for awhile after reading one of your references, I've decided to keep my reserves at the ready rather than commit before I see some sign of gaining earnings momentum.
as I said before, I've been in this since not too long after the IPO, and rarely have I seen any stock that can move as rapidly as this one--in either direction. the momentum boys keep an eye on it, I'm convinced
if they have some great upward surprise Tuesday evening, then my dialing finger will be at the ready first thing Wednesday morning. I will not be the least bit relunctant to pay $3.00 or more a share more than where it closed. the stock could be back at $40.00 within six months.
on the other hand, I will be surprised if the miss by a mile with no preannouncement, so one could make a case for buying before the release, viewing a worse case scenario as missing by a penny or two, thus seeing the stock languish between $5,00 and $8.00 until next earnings--and then hope for that surprise.
today's action convinces me that many have taken this risk/reward assessment.
best regards and luck to you (us!)
P.S. your last reference mentioned that they have been shopping around for a really good Java debugger. at the very least, that seems to indicate they plan to be around for awhile, and are willing to spend the money needed for future growth. |
