Nothing but good news.
SPLN is beginning to creep up. As the trend gathers momentum, short-term players should start to pile in, and a major break-out could occur. The trend is, and always will be, your dearest friend.
Of course, the stock has traded in such an odd manner that is a bit risky to try to time it. You don't have to. Professionals know where this stock will be in a year or two (although it may be a bit quiet, big players are already accumulating - look at factors like institutional holdings). All you have to do is wait and relax. But watch out in terms of taking margin on this one.
SPLN (and other internets) has made me humble about timing short-term movements even after years of experience. These stocks are a new phenomenon, dragged around like a gored matador by a whole stream of fickle new money (pardon the rough analogy).
There is reason to be humble and cautious about daily and weekly trends in the internet sector - this is the wise position in my opinion. But long-term developments are much more certain, I believe.
In fact, even if the broad indices show weak performance in the next year or two (which remains entirely possible), a handful of promising internets like SPLN could offer 100%+ returns.
I continue to look for a build off of the platform near 30. In the long-term, I think the investor should swing for the fences on this one. You'll need a few like SPLN, particularly if other issues get knocked around on bond market weakness and valuation concerns.
Good luck!
J.M. |
