<<..and mrvc might just miss this quarter (thats what the stock action tells me).....>>
The action tells me no such thing. In case you haven't noticed, the
whole sector moves according to the buy and sell programs. When sells
hit the whole sector moves down, and vice versa on buys. You have to
own (or follow closely) multiple networkers to know this as I have
(and do).
Noone should think that the "all knowing and wise" market knows
more than we do about fundamentals, products, etc. What you see is
highly emotional selling of techs, due to uneasiness about Asia,
specific companies (CS, COMS, NN, ASND in the NW sector) right now,
etc. MRVC is just going along for the ride.
If you've done your homework (as most on this thread have) have faith
that "you know better" and you can view this as an excellent buying
opportunity prior to an excellent Q4 and 1998.
Sometimes you have to go against the crowd. I bought BAY at $16
earlier this year and sold at $36, COMS at $31 in April and sold at
$53+, FORE at $11.25 and sold at $20, ORCL at $34.25 and sold at
$55, PAIR at $16 and sold at $28+ SHVA at $8.5 and sold at $14+
- ALL THIS YEAR. (Yeah, before anyone mentions it, I missed out on
selling ASND at $59 and am still holding at a loss with a $29 avg)
Do you think I could have done all that going WITH the crowd?
SI thread sentiments at the times I bought were typically:
This (insert company name) sucks. Management is terrible. The
stock will never rise again, (name your competitor) is kicking
our butt, etc.
The secret is to BUY (good companies, previously researched and closely
followed by me) LOW and SELL HIGH. Most people continually do the opposite - amazing.
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