Mang, I think we have found the secret to investing following BAY and SGI. Find a company with great technology,good leadership(from Cray),good products and cash,a fundamentally sound balance sheet,and a reason for turning around(servers). This is another end of the telecom and graphics markets from BAY,but a great potential. I did not get in yet,as I am holding most of my positions for further gains. I would hate to have to sell something like BAY. But the turnaround story with strong companies,with all the analysts negative is the perfect time to buy. BAY and SGI stand out to me,what I did not think about is that SGI did not get a management shakeout as BAY did,but what they did get was Cray management taking over where Jermulak and others left. Now they both have management changes,and a reason to rally,telecom changes. I believe SGI will consodidate this great gain and maybe backfill,then its off to the races and the 40's,just as BAY will. I got in BAY at 22,maybe I can get SGI next week about the same price,and take the double on the both of them. Mang,if you think of another company,where the analysts are negative,they are going through a management shakeout,they are in an industry in a turnaround mode,and have sound fundamentals,tell me,and I will tell you also. There is no reason to play new unproven technology,the most money I have made was on companies with a fundamental reason to change,GAL,OREM,BAY,PFE.etc...
Good luck, I know where I find you I find knowledge and wisdom.
Hiram(tim) |
