Jim,
I've been stupid lately as I've been selling when I get 100-200% returns!
Tell me about it. I have been discipline enough to only sell partial positions to recovery the principle, but I am not sure you are supposed to make this much money in this short of a time. I imagine a lot of people have made their average yearly return in a span of a few weeks. I can not imagine that this will last and the fall out may be dramatic. They key here is trying to hold on to all these spectacular gains.
Briefing coverage popped DITC, let us see if it can do the save for FFIV. I like this stocks but can not figure out what is keeping it down. Same thing with SCMR, though it recovered a bit today.
F5 Networks (FFIV) 104 5/8 +5 5/8: Back in late January, Briefing.com issued a bullish Trader's
Edge Stock Brief on FFIV... Since that time this leading player in the fast growing Internet traffic and
content management (ITM) arena has underperformed the market... In fact, even with today's gain the
stock is down 20% from the date of our Brief... While we have been disappointed in the stock's
behavior, the company's underlying fundamentals remain very strong... Over the past three quarters,
company has posted year/year sales growth of 611%, 621% and 591%... FFIV has also had no
trouble beating the consensus estimates, doing so by 80%, 257% and 41%... Unlike many of today's
high-flyers in the tech and biotech industries, FFIV is profitable... Current estimates have company
earning $0.77 in FY00 and $1.16 in FY01... Sixty days ago, the street expected earnings of $0.53 and
$0.91... Given company's history of outperformance, Briefing.com contends that current estimates are
still to conservative... As FFIV continues to deliver on the promise of strong growth, look for earnings
estimates to be revised higher once again... Another factor which could work in the stock's favor is the
lack of coverage... At present estimates drawn from only 5 analysts... Considering FFIV's successes,
we expect more coverage in the quarters to come, and most of it will be favorable... Technically, recent
correction hasn't done any serious damage either... Convergence of moving averages combined with
recent break back above 50-day moving average suggest stock poised for renewed gains... Our initial
upside target remains 160 1/2. -- RW |
