The markets are down today, and RCOM seems to be drifting down, as well. In fact, after a very strong showing at IPO, everyone seems to be waiting a bit.
I, too, am not overwhelmed, but I'll continue watching. If it returns to 30-40, I think I will get interested. I have a small amount of money on the sidelines and I see this stock bouncing around like RMBS in the early days. RMBS did finally pay off for those with patience, but there were buying opportunities in the interim. RCOM does not hold any exclusive patent like RMBS did, so there isn't a justification for a rapid runup. Thus, I believe that the stock will wander for a while. JMHO.
Regards,
Marc |
