I have been absent from the thread for a month. While share price
has confirmed support at low 8, move upward could be dead cat bounce,
strength in the group, rebound technical because of oversold condition
it is anyones guess. My position has not changed and to speculate
about price movement nearterm is very difficult. Nortel agreement
renegotiated news will probably not come out for a while. To re-confirm my position, long term investors will be rewarded. This
stock has dissappointed in 97, will improve in 98. Crystal ball
gazing is a waste of time but somewhere I see value of technology,
growth market with remote users, market dynamics changing-VPN,
new management, shiva survived a very difficult 97 came out intact,
strong balance sheet-100 million cash, entire sector oversold except
CSCO, and with all the negatives hopefully behind, hell whats wrong
with some positive suprises and a strong move north in the share
price. remember, with 3.5 mil short position, it will not take much
for big move. Patience and some courage will go a long way on this
one. |
