Hi Judy,
You have a good memory. I still have the short Feb 35p for ARSW. I am also long ARSW and FRTE. There is no news out on ARSW, but they may be nearing an end to their dispute with Comshare. Also, there have been rumors surrounding ARSW and IBM for some time. The latest rumor is that there may be an announcement next week (I stress that this is a rumor). In general I agree with you regarding software companies, however, they have been beat down dramatically from last summer, and a number of them continue to have very high growth rates. Right now I like ARSW, FRTE, RATL, and ADBE (and am long). On strength I intend to write covered calls.
By the way, take a look at ANET. It seems to have hit a technical bottom. This is a stock that has been going down and eps estimates keep getting revised upward.
I didn't expect CUBE to get so low, so fast. I still have some short/box (from $41) and must decide when/if to cover. Doesn't look good for at least one more quarter.
Regards,
Cal |
