I agree with Eric's analysis. SYSF is like IOMG or NSCP. It's a hot stock and a hot story. When Intel anounces its support for System Wiz, this stock will fly. The market makers want it to go up, the investment newsletters want it to go up, a lot of mutual funds own this stock (24), so this stock will go up. So join in the crowd early. Of course for high tech stocks, long term is like 6 months or at the most one year, unless you're dealing with a strong leader such as MSFT or CSCO. If you bought IOMG and got out when it hit the 50 days moving average on the way down, you would have been out at around 50 (pre-split) and if you have got in early, you would have made a lot of money anyhow. I agree that I stretched a little bit too much by comparing SYSF with MSFT. But in the old days, MSFT had to struggle quite a bit too with the competition from IBM and Apple, and the lawsuits from Department of Justice. Right now, SYSF seems to be the leader of system self-help but who knows how the company will survive in the long run. But when you play high tech stocks, you should be always on your guard and be ready to bail out at the first sign of trouble.
I do own more than 50% of my portfolio in SYSF right now, so I am not just blowing air. |
