I believe, correct me if I'm wrong(and I'm sure many of you will) that the reason we didn't see a move in the same direction as the market today is that many people feel this stock is still over priced. As a 5 year investor in this stock who recently sold for the first time at the nose-bleed price of $10, I have learned that this stock rises on news, NOT events. In my opinion the recent run from $2 to where it is today is in reaction to emotions, not fundamentals. I am convinced this stock WILL SOMEDAY be a $20 stock, possibly more, but from long experience in this stock I am also convinced it will form a base at around $3-$4 before this happens.
What scares me from buying back at this time is all the new people on this thread who tar, feather, and insult anyone who posts logical questions and comments about the ability to sustain the price we are at. When investors are unwilling to listen to any alternative views in a civilized manner in an attempt to promote their own agendas, it is usually not a good sign for a stock.
This stock rose from $2 to $7 very rapidly, on some exciting news such as the Bay networks order, lets now look at fundamentals, such as earnings(or lack there of) to see if the unfolding of this news may already be reflected in the stock price. My guess is that it is. (Bring on the tar and feathers!)
Dave |
