Thanks for the article, Joe. It's certainly getting insane out there (more so than usual) and much of it may be due to this distortion of time frame we're seeing. The question is always about earnings...but earnings when? A number of the companies you've written about (UTEK, SFLX, FSII, for instance) are available at giveaway prices simply, IMO, because investors are unable to step back and take a harsh look at what they're thinking and doing: namely, thay can't physically see an essential, profitable, growing business if it's two or more quarters out. It might as well not exist. Thus, the opportunities.
In this sense, I remain encouraged, despite this frustrating, reflexive market ("you can nibble at a Cisco". I can't wait till the investment community finally discovers that someone is going to have to start producing NEW generations of chips to go INTO these networks, etc, etc. Oh well.)
Bill |
