Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: rjk01 who wrote (10470)	10/2/2007 9:24:45 AM
From: Andre Williamson	Read Replies (2) of 10485

I have no idea what is going to happen. But I think it's foolish to point to the stock price and say "that's what the company is worth because that's what it's trading at." Who's "the market," anyway? Covad is a low trading stock that can be easily manipulated. When we get real news, we move. Last year the stock price shot to $2.70, and yet the business is essentially the same, if not a little more advanced. So my best guess is that the upside is considerably greater than the downside at this point. Finance 101 food for thought: why do people expect a positive correlation between the market and the daily direction of Covad's stock? Andre

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