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Varchild2008 (85.34)

What's up with Netgear and Java?



April 07, 2008 – Comments (1) | RELATED TICKERS: JAVA.DL , CRNT

NTGR and JAVA show the exact same chart.... They are both FLAT as a FLOOR BOARD.

I'd be more cautious on NTGR imho than JAVA though.   I don't trust NTGRs enough to have an optimistic outlook on their earnings reports this year until Christmas (maybe).

If GAS is going up.... If DEBT is rising..... If Unemployment is rising.... Who in the heck is going to fork over hundreds of dollars just to have "Wireless?"  What business would think of wireless this year?  I once claimed that 2008 is the year to buy Wireless Stock... And I stand by that because this year these Wireless companies (other than Ceragon CRNT) are going to bottom.  2009 is when we will see real action start.

A stock like NTGR is a "DUMP after CHRISTMAS" stock anyhow.  So I guess this thing could tank and plummet and disappoint until it surges....and then you sell it....and then you buy it back in March 2009 and hope for a better surge than last year.  Ad nauseum.

JAVA is a different story.  At least this company seems to be innovating new products after new products.  There's a lot to like about JAVA.

But... Don't ignore those charts as a possible sign that these 2 stocks are LONG TERM.  I got in them LONG TERM.

I get into stocks like Housing Stocks or Commodity Stocks or Agriculture or Railroads for the short term gains....  I get into TECH for the long haul.

1 Comments – Post Your Own

#1) On April 07, 2008 at 7:40 PM, Varchild2008 (85.34) wrote:

Clarification:  CERAGON already bottomed.  I bought it after the bottom because I missed this one :-(  

I bought it at $9.00 a share.  I'll still get a nice return on this one as I expect this to hit $24 a share fairly soon.  Assuming I am right to be optimistic on their earnings reports.

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