Ian," will NN rise ? ", GG: I sure hope so. But rather than going on hope I think that looking at the fundamentals is important. I remember when Vivus was US$26, 3 years ago, ( pre split ). Since then it went to US 138. You need to ask yourself what did people see in NN to make it go up? Furthermore during this time, it's biggest ATM competitor Cascade Comm , tanked from ~120 I think to 18.
I think this was a learning experience for NN. Properly chastised Terrence M., gg, will now redouble his already heavy duty work ethic
towards " kicking butt". I think next stop will be US$30.( People of course have the option of buying several other tech stocks on the market at PEs closer to the stratosphere ( 35,40,50 )if that will make them feel better, ( at least temporarily, GG ).
By the way the Asian scenario doesn't bother me as much.After their businesses have failed and the are ready to get back in business, the first thing a business needs ( besides a building, gg ), is a telephone! to place and take orders !! Go NN.
TA |
