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Technology Stocks : Bright Future for Bright Star ? (BTSR)
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To: MatthewZ who wrote (9)2/11/2000 8:50:00 PM
From: JOED3  Read Replies (2) of 12
 
Hey Matthew - No offense taken. I appreciate your feedback.

I think we are talking about different time frames, I should have made that clear in my post. You are looking at the "larger picture" and I was looking at the very near term. If you look at the interval chart for the last 5 days, you'll see the down-trend I am referring to. The MACD signaled this on tuesday but you could see it starting that way last Friday.

Yes, the ma's on the daily chart show a stock in an uptrend with good support just above the 50 day ema of $8.73. I plan on buying back BTSR at, or below $9 if possible. But I would also like to see the MACD turn bullish before doing so. The fact that it showed such relative strength on a generally down day certainly is a good sign.

I like BTSR a lot on a fundamental basis and I think in the long term(6-18 mos) it will do very well. They have shown good top and bottom line growth, have some good clients and some good partnerships, i.e. Exodus.

At a market cap of 83mm and selling at only .58x sales, this stock is VERY reasonably valued, cheap in fact. Other, larger competitors are raging right now. I think BTSR will too in time. It will take continued good news of new relationships and customers, initiations and upgrades, and continued accelleration of sales and earnings.

I intend to benefit from their successs too as a shareholder, I just like to trade em sometimes and try to sit it out during the downtrends and ride it up during the uptrends.

Happy Trading Matthew.
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