Steve, without any buyout, NSCP is a 10-12 stock IMO. The reason, I covered, was the support NSCP showed after the INTC and NASD plunge,along with relatively narrow trading ranges recently. Since I am "trading" this stock, I'll probably return when volatility returns.-g-
I agree with you that tech will be under pressure, as well as the rest of the market. Currently, I am short DELL, Long LEIX, and the rest is cash in my trading account.
I am eyeing adding to CPQ long position. (I am a long time holder, sold 1/2 of my position late 1997.)
I am really liking LEIX, and I'll know for sure this week as they report earnings. If they can string some profitable Q's together, I think the stock will soar.
I don't play options.
Good Trading, LF |
