Did those investors dump ADBE and buy NSCP? 139 1/4. Impressive, isn't it?
(2 for 2 so far. You want my prediction on Monday? Well, if I am THAT
good, I would have enjoyed my life at Tahiti.)
Is NSCP overhyped? Maybe. Is NSCP overvalued? Yes or no. If you look at
the company's valuation, it seems NSCP is well overvalued. If you look
at company's performance, by beating the most optimistic estimates quarter
after quarter NSCP is not overvalued at all.
If NSCP fourth quarter result blows everyone off, which is not unlikely
based on the popularity of WWW, it will reach 200 before long-waited
correction.
NSCP will eventually disappoint investors, when expectation exceeds
reality, but it hasn't happened yet.
By the way, at below 40, ADBE will be a good buy. |
