Interesting topic (CORV). I myself find it hard to beleive that it is all hype. In fact, why would CSCO buy into the company if they didn't have anything? I mean, you would think they would not only know better, but that they would have blown the whistle on the company already. Or the others for that matter? I think the stock is being cycled. Opened high, got pounded, liquidates all weak hands and uninformed investors, then off to the races as orders begin to materialize. Haven't they all pretty much done this? RMBS, CIEN, etc.. I also beleive that CORV is making investments of their own.
On the other hand, it does seem odd that the company hasn't been bought out at these levels. Great time to snatch them up if CSCO wanted to have them. CORV's market cap is now pocket change to CSCO...and a lot of other companies for that matter.
Disclosure, I am building a position in the stock a little at a time myself. (No margin of course...not yet) Can't wait till I can turn my back on it. I hope to make it one of only a few trades I make this year. I realize it could go lower. I view it as a 1-10,000% candidate...worthy of my investment dollars. If I had shorted it like I told everyone else to do, I would be using free money on the investment right now. Guess I have to use my ARBA money...hehe.
Hope you have been fairing well these past few months. |
