AT, I swear, sometimes you make sense. But most times you sound out of this world, kiddo.
JBL, the first time we talked about it was on the tank. Trading entry at 32ish, the subsequent rebound was fueled by analyst upgrades and its move to NYSE and liquidity took it up past resistance. But in time the market and its fundamental of declining revenues for the next few quarters should bring it back down to investment range of 28-30. Again, traders were nimble to take profits at resistance, few investors did so and would take the ride back down waiting for the pot of gold at the end of the rainbow. RMBS and CPQ, same story ... difference in mindset between trading and investing.
APM and NSM ... forget them.
MANU ... maybe so. But the whole ERP sector is under a cloud now, witness the price action in sympathy by ITWO, PSFT, and BAANF while SAPHY is holding well. The market is telling you something, don't second guess it, the market is not stupid. Oh, I saw a post somewhere about earnings jitters starting with MANU and SMOD ... an understatement, wouldn't you say? |
