Concurrent Computer (CCUR) Message Board

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Technology Stocks : Concurrent Computer (CCUR)

CCUR 2,255

0.0%

Feb 6 9:30 AM EST

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To: Christiaan McDonald who wrote (17523)	4/20/2002 4:36:50 PM
From: Cymeed	Read Replies (2) of 21143

<<<<< We bought some more today near the close, we have just about replaced what we sold at 11. We will probably add even more if the price stays weak. >>>>> Christiaan, I wonder why you like this stock so much. Last year I bought some at $8 and a half, and then sold @$11 in weeks time. That was during the Greenspan money pumping period and the hot topic of VOD being THE remaining growing technology spot. But I don't feel a reason to buy it back in the $6 area at present. The company has a very poor balance sheet, their products hold a very slim margin, any off in sales volume would swing them into red (already in red), I see very little earning power from this company to justify an almost half billion market cap at current price of $6.7. The momentum for this stock is clearly broken. It's technically difficult for a stock to bounce back convincingly after such so many damages. The overall market seems to be shaking as well. So I really don't see a reason to buy it currently. But of course I may be wrong and you and everybody else who currently long this stock will make some money here, which would be my pleasure and sincerest wishes.

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