Dwight: I think you and Al are right on the money. Now that a lot of the fast money is out of (or getting out ) the stock, there is a lot of money on the table for the long term growth investors.
See my post to AL just after yours; This scenario reminds me a lot of the CSCO story back in late '94; the stock had been strong but broke down from 40 to $18/sh. At this time everyone was scared to death at acted like it was the end of the run for the great Cisco and the entire network industry. In reality it was the best opportunity in over 18 months. Now i see the same thing with CSCC. Networking is not coming to an end and neither is Cascade. We should be well rewarded for patience and understanding value and long-term growth. I now own ASND, USRX, CSCO, CSCC, MRVC, NTAP, PAIR, VSVR, and several others not in the tech area. Right now seems like a great time for most of the sector(maybe a little more bleeding in a few issues, but not bad)
Does any other industry out there have 30% growth rates
Good luck, TK
p.s. I don't see how anyone thinks they will know exactly when the stock will bottom, but if you believe in the company, it seems like it would be a good time to at least start a position, don't you think?
I sure hope anyone who is following the stock is about ready to pull the trigger. What's the risk, lose $10/sh or make $60/sh? |
