SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : copper mountain CMTN
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: P314159d who wrote (636)8/26/2000 9:19:42 AM
From: Rarebird  Read Replies (2) of 1226
 
Hi there! I only took a half position towards the close on Friday. Bong may be right and if he is I will still profit handsomely here. But the key is to get in on the long side ahead of time before the very swift abrupt reversal takes place. By the time you get confirmation of a "reactionary bottom", CMTN will be back in the 60's. "The trend is indeed your friend," but this is a Market that has devastated momentum players in both directions since the April/May decline in the COMP. I've done well by buying despair and selling strength. I'm not a momentum player.

I've done my Homework in regard to CMTN. I've read all their quarterly reports and studied their balance sheet. I don't see business slowing at all here. What I do see is incredibly strong margin and sales growth. I focus primarily on the fundamentals. I do look at charts but I fit that into my understanding of the fundamentals of the company. Your dealing with the Market Leader in DSL equipment here. The Bearish hype is about as thick as you get in regard to CMTN here.

CMTN is going through a Valuation Correction. Growth stocks have been in a Bear Market since the spring, while value stocks have rallied strongly. IMHO, anyone who buys CMTN under $60 will be rewarded handsomely. I see $90 in the fall at least.

PS I'm primarily a short seller and I have the highest respect for Selling Short as an Art and Science. But I do sprinkle my portfolio with longs for purposes of diversification. CMTN is now in my Portfolio as a Long. The louder the shorts scream, the closer CMTN is to a short term bottom.

Now you tell me, isn't the risk/reward outlook for CMTN heavily slanted to the upside here at these levels? If so, why not establish a partial position at these levels? I would welcome the opportunity to complete my long position by buying some more in the low 50's.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News