Bill, AGM is broken, and frankly, you should have been out on the breach of $38 (I did). I think that right now, it is going to have to base for a good few months, and probably should be available either in the low $30 or at the main support the $23.5/$25 area (where I suggested it for the first time (on Steve's thread) in December. It has been good to you, take your profit and wait very patiently until it comes back down. I would wait at least for one of three things, relative strength coming back in face of a declining market, reaching of the main support, or the end of the June massacre before reentering. Very long term, the basic thesis (they have a monopoly and are only in 3% of their monopoly market, thus a growth of a factor of 10 to 30% over the next 10 years is possible). Just don't fall in love with it or any other stock.
Thanks for th nice words on the MIT monthly.... As the old Rabbi said, if you don't blow your own trumpet, nobody else will (g).
Took my buck loss on VRSN here at $9.22.
Zeev |
