Auric, I have been in and out of this stock since last February at $8, when I recommended it then it was a pure value play, now, it is no longer a value play and I get on short momentum rides (I just got out today at $82, but plan to get back in if it retreats and hold $75), the color of the money when I have a value play or a momentum play is actually the same, green. After trading for a year in a stock, one gets a pretty good sense of how it should behave and what might or mihght not move it. I am no longer pouncing on the table "buy, buy" like last year, but for those interested in momentum plays with a company having a pretty good growth rate (fully reflected in the current price and then some), why not. Guessing where the top is going to be and shorting is not only "arrogant" since you assume you know better than the market how far it will go, but it is simply dangerous.
Zeev |
