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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Christiaan McDonald who wrote (17523)4/19/2002 5:20:00 PM
From: Harold V  Read Replies (1) | Respond to of 21143
 
Thanks Ken and Starowl for your comments and points of strategy. Beyond sorting out when to buy more, I was also looking for explanations re CCUR's stock action today--its being subjected to a down draft after eking into the low $7s, then staying in the $6.75 area as approximately half of 3.2 million shares exchanged hands. Harold



To: Christiaan McDonald who wrote (17523)4/20/2002 4:36:50 PM
From: Cymeed  Read Replies (2) | Respond to of 21143
 
<<<<< We bought some more today near the close, we have just about replaced what we sold at 11. We will probably add even more if the price stays weak. >>>>>

Christiaan, I wonder why you like this stock so much. Last year I bought some at $8 and a half, and then sold @$11 in weeks time. That was during the Greenspan money pumping period and the hot topic of VOD being THE remaining growing technology spot.

But I don't feel a reason to buy it back in the $6 area at present. The company has a very poor balance sheet, their products hold a very slim margin, any off in sales volume would swing them into red (already in red), I see very little earning power from this company to justify an almost half billion market cap at current price of $6.7. The momentum for this stock is clearly broken. It's technically difficult for a stock to bounce back convincingly after such so many damages. The overall market seems to be shaking as well. So I really don't see a reason to buy it currently. But of course I may be wrong and you and everybody else who currently long this stock will make some money here, which would be my pleasure and sincerest wishes.