Hi luey - IMHO, 3 5/8 and 6 make very little difference, if the longs have the fortitude. Sure, the overhead resistance @ 6 may be formidable for the trader type. OTOH, if one thinks this is a storng buy, this can be a 10 or 20 baggers from here. Is there any guarantee? No, not at all. Hindsight is 20/20. The famed Peter Lynch bet big in Chrysler when it was on the verge of going under. Was there a guarantee? No, not at all.
In INSP case, one has to ask, what is wrong. INSP is going to refocus. Like it or not, if GNET had not been acquired, it could have suffered similar fate with the rest of the net prodigies. AOL lucked out by hitching a ride with TW. I am surprised people have lamented about INSP has been down 90+% but they didn't put in perspective. YHOO too has down 80+% Personally, I think these venerable net companies will recover some of their lost luster. IMHO, INSP new focus is even better than the just another B2C company.
While I like to bottom fish, one has to look at the story. Unless someone starts taking away INSP relationship with its partners, I don't think one has to worry about one has caught the bottom.
best, Bosco |
