I see more of a parallel between the internets and the networking stocks.
Recall the early 90's when CSCO and WFLT were high-fliers played by momentum traders. Then FORE, ASND, COMS, USRX, CS, SHVA, CIEN, XYLN appeared on the horizon and flew high also. They all presented excellent investing potential and rich trading opportunities for a few years, no reason not to take advantage of that for it was not clear which would thrive and which would not. Tech investors must always keep alert to the changing horizon for today most of them are history ... CSCO remains strong, ASND becomes LU, and WFLT got absorbed by NT. But plenty of profits was had over the years. CSCO, one of my long-time core holdings, was just a trade for me back then, never heard of the stock before.
I traded CMGI last year, never heard of the stock before, now it is an investment. First time I traded EXDS this March, never heard of the stock before. In fact, Tech Fool, you posted a link to an article about the stock and I examined the stock and entered ... so it goes. |
