rkf,
This may seem counter-intuitive in today's climate, but TECD is a stock you buy and hold for a long time. If you are a short term player, you missed the boat. If you are a long term player, then buy in. This stock rarely retreats below a level by more than 5%, yet advances steadily year after year.
The stock may stay between 50-55 for a while, but then again, if an acquistion is in the works, it should jump (I know, usually during an acquisition, the dilution causes a depressive effect on the stock, but Steve Raymund, the CEO, usually gets a good deal and the street sees the value of the addition to the balance sheet and earnings outweighing the dilution, so TECD occasionally gets a pop in price during an buy).
Personally, I am a longer term player, and have held TECD for over 7 years now. If I bought anymore, it would be more than 25% of my portfolio, which isn't healthy, no matter how good it is. If I were you, I would buy, but not as a short term play.
Ross |
