<<Like I said in my previous post, I would not short ITWO!>>
I probably won't either, but for different reasons...primarily I was "pinging" those long on the stock for their opinions...
I don't really like the fundamentals, but the power of the hype factor and the fact that the product delivers measurable, quantifiable results to its customers (read: easier to sell, can get high prices/margin) makes it difficult to turn away from at present.
I would also view the Oracle posting as "one to watch"...for two main reasons: First, Oracle has a stated objective of bolstering their applications business, to the point that Ellison himself will be driving the initiative...Oracle's past history is to partner with people, learn everything they can, develop their own, and engineer the partner out...yet, perhaps in the new thinking that might result from a retooling of Oracle's applications strategy, ITWO might be an attractive acquisition target for Oracle (despite the ridiculous market cap), if Oracle wants to try to take SAP on head-to-head (though I think that battle has already been fought and won, at least for up-market ERP - the downmarket stuff is up for grabs, and Oracle's current sales model doesn't allow them to go after it very cost-effectively).
I did take profits on half of my ITWO in the high 60's (picked it up in the mid-40's), and am sitting on the rest for now.
Wait and see...
Thanks for the feedback!
- Rick Bullotta |
