SYMC
I am co
nsidering to add some SYMC here. I thought it had a very good quarter, particularly the top-line growth, backlog and outlook. More importantly, this stock is universally hated by the street, unwarranted I might add. It breaks out today on decent volume and is sitting above its 200-day SMA. The only concern is the condition of overall market, tech in particularly. Having said that, I believe the risk/reward ratio favors owning this one. The overall market probably will be offset by large share repurchase in the next few quarters.
nsidering to add some SYMC here. I thought it had a very good quarter, particularly the top-line growth, backlog and outlook. More importantly, this stock is universally hated by the street, unwarranted I might add. It breaks out today on decent volume and is sitting above its 200-day SMA. The only concern is the condition of overall market, tech in particularly. Having said that, I believe the risk/reward ratio favors owning this one. The overall market probably will be offset by large share repurchase in the next few quarters.
posted by ZIGZAG at 7/27/2006 01:24:00 PM
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