Brendan, I have not added to my ANDW position yet, as I think it is a little too early. By this I mean that the street seems to be saying that another bad to lackluster quarter is on the way, hence the stock is trading down. ANDW has been trying to build business in Brazil and Latin America, and it appears that the overall economic situation in Latin America at present is not so hot to dicey, which translates into revenue shortfalls and earnings shortfalls for ANDW. I do not know where the bottom is, and indeed, we may be there and you made a brilliant purchase at $12.56. But I'm thinking the quarter may not be good, and the stock may trade down below $10 as a consequence. See PaperChase's post to me and my post back to Paperchase.
As for other techs, I have been accumulating Nortel. I have been doing some short term profitable trades in a number of other companies like LU and CSCO. I also made a buy on Diamond Multimedia (DIMD) as their new Rio MP3 player promises to be a hot new seller as we enter the holiday season. Teenagers and college kids are snapping them up, so I understand, and this should drive the stock up significantly in the coming months (IMHO). Best regards. |
