Nasty, it seems to me that any Fund manager worth his salt is scrambling to find worthwhile 'net stocks, since over the past 12-18 months they have blown away the other sectors. In Fund managers lives, there are three (3) things that matter- performance, performance, performance. Since Funds are followed and rated by many services, including Morningstar, a Fund that doesn't perform loses business to it's competitors and the Fund manager loses his job and may, in the worst case scenario, actually have to work for a living.
As stated in previous posts, SPLN has a niche- QUALITY programing, strong financial backing, savvy management. IMHO, it is an IDEAL candidate for a growth oriented, stock based mutual fund portfolio.
I do not agree with BAM on the issue of why this stock is catching on however. There are a veritable plethora of stocks discussed non stop on this and other financial forum boards, nad with few exceptions it remains talk only. This stock is starting to light up computer screens because it has performed well, positioned itself well, and created a credible story line a non emotional investor can understand. It is unlikely IMO that anything we say or do on these boards influences big money, other than perhaps to spur individuals to do their own DD. Sorry BAM.
Good luck with your investing, Nasty. Please feel free to say whatever you feel needs to be said and remember that the investing game is hard to second guess under the best of circumstances.
Sleeper |
