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Technology Stocks : VISIO Corp (VSIO): Big ISO 9000 Play

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To: trouthead who wrote (327)1/21/1999 5:14:00 PM
From: Adam Nash  Read Replies (1) of 522
 
I don't know if you can predict these things. The market just isn't rational on a day-to-day basis. Could anyone have predicted today's sell-off? I don't think so, not with any repeatable methodology.

I think Visio at 26 or so is a great deal, since I think the stock is very likely to be worth 50 within 12 months. However, I said the same thing 6 months ago, only to see the stock drop all the way to 15!

Fortunately, I bought some there. I think the risk-reward long term is pretty favorable now. However, I'm going to wait for things to settle. Visio tends to only move in the month of their earnings, so I am going to wait this one out for a few weeks.

Then again, that is because I am OK with Visio returning to the 30s in the next few days, and not feeling like I missed out.
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