Tom,
I start buying stocks when the underlying fundamental appeal to me, not necessary when I think the market will start some sort of major bounce in the following 10 minutes or so. Sometimes I get in too early, like with NEWP, but I know that I will be able to get out higher based on fundamental valuations, so I don't sweat it.
NEWP and JNPR have strong fundamentals, their growth rates are higher than their P/E's, and have solid balance sheets.
CORV is a bit different, clearly more speculative in nature, with a high P/S ratio, but an impressive balance sheet, and the promise of industry leading revenue growth. If that promise is realized, CORV can be a $50 stock again. Of course, they must execute. I think they can and will. I may be biased though, as the CEO and much of top management are fellow alumni.
I still haven't seen any chip companies that appeal to me, I MAY look at AMCC when it is a single digit stock, but that is all it is worth. PMCS and BRCM may bounce, but may become teenagers as well, I just don't know.
My favorite software stock right now is ITWO, but I'm not in yet. I know the software business just a bit, I think the enterprise vendors still have some tough days ahead of them, and doubt it is fully reflected in their stock prices.
I will pick up some MWAV in the a.m tomorrow. Please keep your good ideas coming, you've become a very valuable resource to many people, myself included. |
