If you call ITWO's price at these levels insane, pray tell what do you call CMRC's and ARBA's????
Loopy? Nuts? Wacko? Crazy? Bonkers? Delirious? Irrational Exuberance?
Sorry. I thought this board needed to lighten up a bit.
Seeing i2 go from 14 to 70 in just 12 months impressed me so much that I sold (much to my eventual dismay). However, the reasons I bought i2 were fundamental. At 14 they were priced well below their growth rate, with excellent chances for dominating the supply chain space.
The key gorilla game sign I keyed off of was looking at an ERP industry that was going through tough times. But i2 never ever reported any slowdown! Neither did SEBL, which I wish I bought also.
At this point, however, an awful lot of good news is priced into the stock. It would have to dip 50% for me to buy in again, or possible hold stagnant for a couple of years.
Both unlikely events, of course. The great thing about high tech investing, though, is that at any given point, some niche is underappreciated. Right now, b2b isn't it. |
