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I dumped 2,500 shares a couple of weeks ago at $12 and it closed today at $26. Why is this dog suddenly in the hunt?
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No. of Recommendations: 0
Propfool, earnings came in at .31/share vs estimates of .14. However, a big chunk of the suprise came from reduced R&D and taxes. Small cap tech stocks who slash their R&D budgets do not remain highfliers for long. I'm sitting on a triple, but the cut in research has me more than a little nervous. New products are set to be unvieled at a show on Feb. 28. I still like the company for the reasons I bought it,wireless will a growth industry for years to come, Corsair's Pre-Pay makes sense, especially overseas, and Corsair has 46 million in cash with almost no debt. To sum up, I will stay long but my finger is on the trigger. Good luck to all. Bob
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