Tek,
Will it be better for the shorts to wait a few more days until YURi went up to, say, 29 or so and then short it? They certainly can make more money. Maybe they are afraid of the upside momemtum.
The chart does look bullish, at least technically. the resistence at 25 was temporarily broken and indeed that the shorts might push the issue down to 20 or so, but I see this as a very strong buying opportunity, both based on the fundamentals of the company and the chart.
I also appreciate Gary's frankness about the company. However, I do question his trading philosophy. So why does he want to take a long position in a company that he believes will slow down (in one post, he warned that YURI actually willl die in three quarters) and be nowhere found in 10 years? After reading all his post, it seems that he obviously longs CSCO and shorts YURI. Or maybe he wants to scare everyone off the issue and picks it up cheap. I just don't get it.
I like people pointing out weakness of the company. Every company has its own weakness, even INTC, SUNW, CPQ, and MSFT. CSCO is great but they can't have everything.
I am actually very pleased with the earning report and also like the fact of minimum Asia exposure. I like their ability to grow earnings and revenues at three digit numbers and wish that they can keep success in the future. The company is very confident about their FY 98 EPS (0.46) and I believe that by year end we will see sth like 0.55.
And can anyone figure out the heavy involvment of Goldman Sachs the past week with YURI? Someone believe that they might add the issue to their recommended list. Any opinion? Good luck.
larry |
