Several weeks back you touted SHVA and FORE at then current levels. Are you still bullish? You're an Internetworking consultant? Sounds like you'd know about networking products! Shiva's announcement can't be good. I almost got some at $12 a few days back. I personally think that the carnage in this industry is about 3/4 way complete. We still have further to go, as I believe a few others will post disappointing earnings. Even a quarter or two is needed to recover. So, picking the bottom is tough, but we're 3/4 there! If you don't want to leave $$ on the table, I'd buy every stock in the industry right now. Load up the truck. If you're willing to risk a few extra lost dollars on the upside, in the event this sector turns around quicker than people expect (the market is fickle), then hold off buying for another week to month. Safe bet would be to buy about 25% of your target investment now, and buy in 25% increments, either up or down to average either way.
Bottom line, technically speaking and fundamentally, these stocks will be double to triple where they are now in 2 years. By buying a whole batch, you can spread you're wealth to the whole industry. I'd buy mostly CSCC, some FORE, CS, SHVA and BAY, and a little CSCO. The on-line world is only beginning. This is a 30-50% growth industry through 2000....has everyone forgotten this??? Buy it and forget about it! Go to the park and enjoy the beautiful weather! |
