No one has questioned about VTSS's fundamental. We all know that VTSS WILL reach $45 within a year. What I suggested was that, if you are a day-to-day investor/trader, and you care about every move VTSS might have in next few days, then you should take some cautions. In the short term my feeling is that there is a reasonable chance that Naz /Tech stocks will have a sizable pullback. This is only because Naz has run up 300 pts non-stop for more than 2 weeks now. At some point it WILL, yes, WILL, take a breather. How much downside? No one knows, perhaps in 60 ~ 100 pts range. If this does happen, it could easily take VTSS with it. VTSS could be dragged down to $28, or even lower. Again, if you are a long term investor, you don't care these types of short term actions. Simply shut off your computer, enjoy your life, and come back one year later. Chances are you will get $45 at that time. But some of us, including myself, do care about the short term risks/opportunities, therefore we got to pay attention to the growing risk of short term pullback. To be honest with you, I hate to see VTSS goes back to $18 with my couple thousand shares stuck in it. I'd rather sit on sideline when it tanks, and jump in when it hits $18 again. Don't you?
Seriously, somehow I've more and more sensed the fact that Naz is a bit tired after all these days' powerful run. In the past two days, DOW has had terrific gains, but Naz obviously lacked. My feeling is that if we have just a little bad news next Monday, we might see DOW goes down 50 pts, and Naz down 20 ~ 30 pts. That could cause serious damage to VTSS, IMO.
Good luck!
MB
OT.
My little NANO finally started sizable run up today, gained more than 10% to just shy off $7. It looks certain to me that NANO will trade in $7 ~ $8 range next week, with strong possibility of breaking $8 later in the week. Chekc my posts under NANO if you will.
Have a nice weekend! |
