DownSouth,
I think even the naysayers here are saying nay for a year only (does that mean anything, "saying nay?" - rofl). This y2k thing and some general saturation MAY be affecting enterprise sw. The reason it appears that this is happening is because of all the misses in the space: CA,PSFT,VNTV,MANU,ITWO,etc. In fact the only blowout number was from Sebl. (not saying the others had bad numbers, except manu and vntv, but they didnt outperform the whispers). Its an overall sector thing and doesnt have that much to do with Sap anyway, and it is not the beginning of a long term decline.
But, you may have to wait a while for some serious gains. If I had Sap I might sell some covered calls. As it stands Im waiting to make an options play. Of course theres others with a more bullish view than me, but as you can see Im not too bearish, maybe neutral.
Also there is still some work to do before sap becomes THE gorilla in the space. It looks like they are heading there, but they arent there yet.
Michelle |
