Ashok, I still hold a fair share of Visio, though I have lightened up a bit. Not because of anything fundamental, just the graph looked so damned steep.
But then again, this company is in the same class to a certain degree as PeopleSoft, Vantive, etc.
There is no news I am aware of; nervousness as earnings start to hit, though with the rock-bottom price of hardware, Visio should benefit. Specifically, new PC systems come pre-loaded with Visio software.
If you bought this stock for fundamentals, don't sweat it. If you bought it to leap off at the first break, jump off now for a tidy profit.
My recent track record: I bought Visio at around 29, Iomega at 15, C-Cube at 31, Micron Electronics at 10, and Monsanto at 27. Only bad buy recently was Oak Tech, and I still like it in the long term.
Dan |
