G'day all - 1st, a disclaimer. My investment track records don't allow me to speak authoritatively <SG>, but a couple of observations [or wishful thinking.] Considering NT is pretty hot of late, I do not doubt there is a battle of the bull and the bear raging. Also, while no long would like to see the stock fell, a retrenchment from short term profit taking would deem reasonable.
However, being a perpetual worrywart that I am, I think the long investors are setting themselves up for disappointment if they expect there is another sharp run up in the short term [next earning release in one more than a month or so away?] Even if NT is a hot stock, it is a widely held stock and a real stock, I don't think it will ride on hot air. Rather, I think it may take a 2 steps forward 1 step back approach. Personally, I prefer this way because it will not a core portfolio dream
best, Bosco |
