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It never ceases to amaze me the way these small stocks get ignored by the market. If it isn't Intel, Microsoft, 3Com, etc., then it isn't worth owning, or so the market would have you believe. We have had no news come out,yet the market has drilled the stock. New D seems to be a continued victim of technical trading. If it doesn't break through resistance, then it manages to come all the way back down to a support level. Nice if you are a trader, but frustrating if you are an investor. Down the road a quarter or two I believe that the traders will have missed out again, as this thing pops up through resistance. At the point, the traders will have already bailed, and we true believers will still be holding on. There is almost no possible way that New D will keep from totally blowing away last year's second quarter, yet the market only seems to care about the big, liquid stocks. We will have our day, as the P/E on this one is just plain silly. |
