Rambabu - Understand your frustration. See my post to ratan lal. Buffet, Peter Lynch, and other investors made most money by holding long term. Lynch says that he is not smart enough to time his sale at the peaks and buys at the valleys.
Nanda and JDN can tell you how SYNT drifted down to 9 after the IPO. Remember, the CEO of SYNT and his wife still own 86% of the shares. (CMND CEO owns 56% of the stock.) The float is small, like SEEC. When the street woke up to the earnings surprise and momentum, the stock kept moving up. We, SYNT holders (Nanda, JDN, Kathy Riley, and others) got spoiled so bad that we would take notice only the down days. Recently some have pointed out that SYNT was overpriced relative to its peers - IMRS, CBSL, MAST. From SYNT's current gains, you will see that the market knows better.
Why I am talking about SYNT in SEEC thread? Because it is an example. No promises that SEEC or CMND will behave like SYNT or IMRS. We have seen how the nuclear blast affected the Indian body shop stocks. There will be ups and downs.
The downside of investing the y2k sector is the market does not know how to evaluate these stocks and is skeptical about business beyond year 2000. Initially there was more hype than earnings. The crowd left. Now the earnings are in. But most of the crowd may have gone to the internet stocks. The rest is looking at p/e ratio of y2k stocks and refusing to give higher multiple. SEEC has to do more PR to change the wrong perception among analysts. It will help us. Ram |
