FOR a LT investment, sure. I think for the ST trade, it will fill it's gap, and is at the top of it's BB. It could "surf" higher, rather, I think I would be a buyer in the very high 50, or very low 60's as a better trading buy on a pullback.
Midpoint of the BB is 58 5/16, and the low band is at <gosh> 50.
I'd also like to remind you that you're right about QWST being in at the ground floor. Since June of 1997, when QWST went public at a now split adjusted 11, it has risen as of yesterday 6 times it's IPO price in 20 months.
It's hard to think of 20 months as Long Term (and it really isn't...), but that's what we've done. Does it matter if you pay $5 too much now in another 20 months? I don't think so. However, if you've made the decision to get in as a LT investment, just do it, put the stock away, and wake it up in 20 more months and see where you are. You'll be awfully happy, IMHO.
Regards,
Steve |
