Dear Scott:
No, I am not holding my breath for 13-1/2. I made money on SYSF several times and was out at $13 after a nice run up just before earnings. After earnings disappointed and all the rumors around, I decided to put it on my watch list until it hits 4 (was not sure whether it ever gets there). Then, I was waiting whether there is any good news and after seeing the TV ads, I bought back in.
There are many other bargains in the tech sector right now. But don't buy blindly. Look for solid companies with excellent earnings and growth that DID NOT disappoint recently: e.g., CHSE, MICA, KLIC, SFAM, TLDCF, etc. Then wait for a buy signal (could be anything ranging from strong volume increase, good news, etc.). One company that looks really strong today (besides SYSF that looked strong even yesterday) is TLDCF. Do your research on this company and you will notice that they are quite undervalued. Bought back in into TLDCF today after strong opening.
Good luck and happy trading.
Stefan
(P.S.: I am almost exclusively in small and mid-size tech stocks) |
