Maarten. . .yes, I am waiting for TURF to hit single digits before jumping in. . .regardless of its bucking the trend. . .eventually, I believe all succumb to the pressure. I remember last summer. . . not believing how low TUNE, NAVR, PTET, IOM or SPGLA could go. . .10,9,8,7,6,5,4,3. . even 2.
Look at their charts for last spring/summer. Then look at AOL, Yahoo, AMZN, etc. The large caps rebounded very quickly and held their values well. . . holding more than half value from 52-week high is terrific during summer [for inets and high-techs]. . . one double and they are back at highs. . . . but some of those smaller cap names above fell from nearly 15 down to 2 or 3. . . .big difference. . . they would need to rise 4, 5 or 6 times to reach those highs. . .and that is just too unlikely a scenario.
NOW. . . . take another look at the smaller Inets with that in mind. Compare the drop of TURF to that of YHOO. MAJOR difference off highs. . . that indicates what the stock must do to return to those levels. I am only interested in TURF from about 8 to about 24 over the course of the next year. . . I don't expect it to return to 60+ anytime in the forseeable future. I know that TJoe and Jenna were looking for a bounce in TURF from the low 20's, but I disagree for reasons as I explained.
ALL smaller high-techs need to be re-evaluated based on CURRENT market conditions. . . and NOT on last winter's bull market. That would be a major mistake.
Rande Is |
