Read it, Paul. My take?
It's quite accurate. But "past performance does not necessarily imply future results." Your mileage may vary.
This stock, like a lot of others in the group, is very news sensitive. Absent news, it floats down a little on light volume. Riding a release or a rumor, it can power up smartly. We all know this. For the foreseeable future, this pattern will continue with the Nets in general and BCST in particular. It's just a fact of life.
The PaineWebber conference is an opportunity for the whole sector, especially because PWJ is a *retail* firm, not an investment bank. This coming week will be very busy: Merrill is running a huge telecom conference (T's Armstrong keynoting, etc.) and there's also a big "old media" conference at which all of the usual suspects will participate and pontificate. As if this buzz weren't enough, we're trying to drive to Dow 10k and Germany seems to have rediscovered capitalism. At least for now, it kinda looks like Buffett and Acampura are on the wrong side of the tape. Earnings warnings could clip tech sector momentum, but keep your fingers crossed.
Glad you did well with BCST, Paul. Internet Fund a good place to park. But BCST hasn't even started yet. Broadband's as hot as a pistol and much more consolidation is coming. Heck, I probably took your shares! Urge you to check in with us from time to time.
BAM
P.S. The Internet Fund doesn't hold BCST among its top 25 positions, but Ryan Jacob's got a great record. (BCST's a top 10 holding of The Amerindo Technology Fund, however.) Last year, Ryan returned almost 200 percent; to my knowledge, he was bested only by Steve Harmon's picks, up about 300 percent. (Harmon doesn't run a fund, he's buy-side analyst.) Ryan could add BCST at any time, as Harmon has recently done (in a report). For those interested in what The Internet Fund and Amerindo Technology like, here're the links:
theinternetfund.com
amerindo.com |
