SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.32-1.1%11:17 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lane Weatherly who wrote (4053)7/29/2002 3:23:56 PM
From: Czechsinthemail  Read Replies (2) of 4134
 
In the midst of a major selloff, it is easy for people to have their view of a stock disconnected from the fundamentals. Even with today's run, HLIT is priced as a value stock: it has been trading below book value and at an extremely low price to sales, with virtually no debt and near breakeven results. Then consider that the company is positioned for substantial revenues from cable and satellite deployment of VOD, HDTV, and broadband. There is an enormous opportunity for appreciation especially relative to the downside risk.

When the stock price drops sharply, the deer-frozen-in-the-headlights syndrome coupled with rush-to-the-eject-button behavior kicks in. People try to grasp at a good reason to explain the stock price decline. Might as well chalk it up to absurdity. The same thing occurs when the stock starts to rally. What's the reason? Perhaps just people coming to the conclusion that the stock was ridiculously cheap and deciding to buy.

I was pleased to be able to pick up more shares while the stock was below $2. Of course, I think people picking up shares above $2 are likely to be very happy 6-12 months from now when the stock is trading substantially higher.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News