I agree.
That's how awful the chart looked like for jnpr in late 2002, beginning 2003.
IMHO, Bea, just like jnpr in networking, is redefining the enterprise software space. From what I'm seeing in the industry, Bea's underlying strength is gaining momentum. Timing this major shift is very difficult and I could be wrong
I have to say that if Bea doesn't break out and moves beyond $10 in the next few months, i will probably mistaken.
I have learned the hard way that investing at the bottom isn't always easy. I made a small fortune in 2003 in jnpr. I was lucky in my timing by switching heavily into jnpr when it was trading at $6-7.
In 2004, Bea was one of my core holdings (along with some others) but has tremendously underperformed. I cut my exposure a little, but remained too heavily invested in it throughout the last year. A big mistake.
I have learned the hard way that:
One of the most helpful things that anybody can learn is to give up trying to catch the last eighth, or the first."Wall Street's graveyards are filled with men who were right too soon" (Livermore)
Alexander
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