I am responding to share my opinion on Systemsoft, I have read the
entries going back a week, and I enjoyed them. I have held the stock
since the offering, and being from Boston I went to their last annual
meeting. Its a great Company, the fundamentals are strong and
improving, the PE is a little high, yet they are going to grow into
them. The head and shoulders formation of their chart seems to supprt
overall weakness of technology issues, and are not Co. specific. Long
term I think you have to hold this stock long, and equate shorting
this issue to standing in front of a Mac Truck. There will be short
run volatility in this stock, yet it is going to retrace its highs.
I trade actively, and short on fundamental weakness or earnings weakness
Do what you will, you can day trade SYSF, but the average viewer of this
forum should go long on the stock, and spend more time watching the
Olympics or going to the Beach! I am aggressively buying the Hell out
of this stock, and will continue to buy in the short run until it is
back over $25.
Mike |
