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Technology Stocks : Nuance Communications, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jorgen Jensen who wrote (584)	1/7/2008 5:21:59 PM
From: Sam Citron	Respond to of 834

Well, on Dec 10, NUAN was up 90% on the year while the Nasdaq was only up 10%. Individual stocks are invariably more volatile then the broad indeces. Even CSCO is down from 34 to 26. Intel is similar. I still think it's just a gut-wrenching mean-reversion in a high beta name. Have a look at NUAN's long-term chart: bigcharts.marketwatch.com It seems to me that NUAN is simply retracing some hefty recent gains as it backs off from all-time highs at 22. How many tech stocks besides NUAN can you name that are still higher than they were at their March 2000 tech bubble tops? Not that we can take much comfort in this fact, but as long as sales trends remain positive, I think we're OK. A dicey economy will certainly affect consumer spending, even in tech. It's not a defensive sector. Even Apple, which is hitting on all cylinders is down almost 15% in just the last 5 trading sessions. I think you have to just hang in there as long as you're reasonably diversified. Sam