Dear Judy,
It was a pleasure to read your message, I apologize for the late response.
My answers will be in the order of your questions. BNET had a huge
runup from 13 to 49 7/8, as it turned from Synoptics + Wellfleet to BNET.
The stock has a bright future still, but is acting tired after a huge runup.
I do not know what your investment horizon is, but I would rather stay
with CSCO, that is going to report earnings on 2/8, and will split on 2/16.
In regards to STRM: although ATM because well known, it's very far
from being fully explored or fully implemented. If you will take a look at
the behavior of the stock, it's making highs almost daily, on an increasing
volume. It's irrelevant that it has already moved. Would you rather be
on the best and strongest horse, or on the one that is stumbling behind?
STRM also is splitting on 2/16.
STRM is growing much faster than
BNET, and I would never buy stocks betting on sympathy from the
group to which they belong. What you really want to buy is the stocks
that give you an unequivocal message by its price behavior. I am strong,
I am wanted, I am under accumulation no matter the price. You should
LOVE to buy new highs. STRM, at present has support at 73 3/4,
and the resistance was broken today at 82. Good luck, I hope
I was helpful. Don't worry about your flaws, just think about the stock
in terms of the psychology of your opponents.
--Magnifique |
