Camron,
I used to invest in stocks purely on the basis of their good
technology. (If you check my profile you can establish whether I'm
likely to know anything about technology). These were my "young"
investing days, and with this strategy I made some profits and I made
some losses. Many of the stocks I invested in had great technology,
but poor profits, and over a period of time never did anything
financialy spectacular. Annoyingly, many companies with terrible
technology seemed to make tons of money, and continually improved
their profits and their stock price ! What I have learned is that it
makes more sense to invest in companies with great management than
great technology........ It is possible that ADPT has both.
Short term this stock still looks under pricing pressure. Fundamentally
the need to close some open questions will depress things until some
hard facts emerge (a key one is whether, or when will S&P raise their
credit rating ?). Technically, the MAs, volumes, stochastics, etc.,
are also bearish. I have expressed an interest in buying this stock,
which should suggest that I like the company. Should the price
becomes attractive then I will buy some stock. If I were simply
interested in their technology then I would buy their products.
Hopefully at the time that this seems like a financially sensible
decision, it will also seem so to the fund managers who drive the
market. Maybe then all the longs will make some money.
Silicon Investor is a wonderful site, but it has two major problems.
The views expressed are usually more optimistic than reality, and many
contributors put technical considerations ahead of financial. Since
this is a site we hopefully all use to develop our investment
strategies, we need to be wary of both.
Perhaps you could explain why you disregard Intel as being a threat
to ADPT's SCSI market ?
Mark |
