I think the recent bottom around 10 will hold; that bottom was tested
well before the earnings report. Of course, nobody really knows what
a stock will do, especially short-term. Personally, I don't see SYSF
ever going back to 7.5, unless they had some really bad news - like
losing a large account that currently provides revenue. My guess, and
I emphasize guess, would be that SYSF would bottom around 10.5 or 11,
and then work its way up. How far and how fast it goes will depend on
news. If something substantial is announced at COMDEX, we could test
the mid-teens over the next couple of weeks. If not, the price may
just move sideways for weeks, between 11 and 13-14. I agree that the
second half of the year looks pretty good. Ultimately, it's a matter
of where to get in and how long to hold ;-) With the overall picture
for SYSF looking good, it's difficult to see much more downside to
this stock, but then again, we could have another tech stock crash and
all bets are off!
-Dave Lehenky |
