Tuesday, May 17, 2005

SNDA

Yesterday I was recommending SNDA prior to its earning. The earning is pretty good actually, but the street's reaction is somewhat mixed. The investors are afraid the company can not maintain the rate of rapid growth and the valuation could get ahead of itself. The stock gaped up this mooring to a session high $35.80, now back down to virtually unchanged. So far I don't like the reaction, it needs more time to build the base, I guess.

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