Dave - the other Dave <g> has given you one explanation, i.e., who is gonna to dominate the sector. Only 3 mos ago, people dumped the stk b/c of the rumor (again) that MSFT is getting into the business. So, rising on sympathy does not apply here (the only possible symathetic advance is if and when the sector is getting the M&A fever - don't think it is likely, however.) Each individual stk must perform on its own merit, as the other Dave has implicated. Having said that, if you look at the close yesterday and RAPT recent trading activities, it is actually doing ok, against the backdrop of a 33 pts drop of NAZ. One thing against your favor is that you bought the stk at the resistence lvl! Another breakout should lift you higher, but until there is a breakout, we are range bound (still better than caving in below the range <g>)
From the CEO, this qtr probably will beat estimate. However, the mood in the street has changed. Look at good stks in other sectors, CRUS bested the street est by 85%, it still closed down. And BAY, since it announced earnings by besting the est by 20%, it has lost 20%. The fact of the matter is that we are in a hi mkt and people are afraid (or want to spread fear.)
Hope we will ve a better mkt next week <g>
rgds Bosco |
