Who is Battista?? I assume he is the CEO. Actually, I was suprised to hear they are in New Hope. I live less than 7 miles from there. I was shocked to hear that there was any "public" company in the area. This is not, exactly, a likely place to find a high tech company. (I've been trying to figure out, for years, what people do for a living around here, since there is no industry or major technology companies within 25 miles!)
BTW, I have nothing against them. I played them a month ago, and made a bundle, going long. And, I like the idea of using the internet to transmit telephone calls, etc. I just feel that the internet stocks are about at their peak, for a while, and we are going to see a new trend into the biotech companies for the next few months, or maybe years. (But, then, with the rate of change in the market and technology, who's to say what will be hot next week, let alone next month or year.)
Good trading,
Ed |
