Last week was bad for Internet stocks.
I noticed that Shiva took a real hit last week, too, as did Netscape. Today (Monday) CHKPF, a rival of RAPT, got hit, too. This is, to me, clearly a bear market in Internet stocks right now, but, who knows, in a few weeks, they could be the shining stars again.
As far as RAPT goes, it hit its IPO price of 15 on Friday and bounced
back today. Of course, for the past four months it bounces off of
some low, goes up a bit, and then makes a new low. Talk about a bear market!!!!
I am looking for some improvement after earnings come out in October. Until then, I don't feel very optimistic, but I continue to hold my shares of RAPT.
Ed A. |
