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Technology Stocks : Covad Communications - COVD
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From: SimplePleasures5/10/2006 6:59:44 PM
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Thanks for your thoughts. I have a background in the telecom industry and feel very positive about the VAD’s future. I have both made and lost money with the “Fat Boy” before. I try to be a disciplined investor and that means that I must believe what I see and follow my rules. A good company (and I believe that Covad is that) is not always a good stock – time will tell.

I am long VAD by sentiment and consequently allowed the trend to be a little more broken than I would normally before scaling back my position. Like most people, I have allowed profits to evaporate and that is why I now follow my rules and pay taxes as necessary. My position in VAD is 10% of what it was ten days ago and I hope to buy back in to a full position or even a bit more depending on what I see. And I would agree that VAD could easily do the unlikely, leave me behind, and jump to $3 tomorrow. Thanks again for sharing your thoughts,
Jeff
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