Archive for July, 2010

Can You Spell “Vindication”?

I was just reviewing one of my predictions about the Wireless space from some months ago.  I took a lot of flack from some readers at Seeking Alpha for my suggestion that Clearwire (NASDAQ: CLWR) had issues, and that Dragonwave (NASDAQ: DRWI) had risen a bit too fast.

Yet over that period, the S&P has dropped about 8%, while CLWR has fallen more than double that amount.

Moreover, there were those that scoffed at my idea of a pair trade on the equipment suppliers:  buy Ceragon Networks (NASDAQ: CRNT) and sell Dragonwave.  It’s pleasing to note, however, that had any of them done so, there would have been a nice little pot of gold at the end of the rainbow.

Ceragon has lost 32% over the period, but that pales in comparison to DRWI’s drop of 47%.

Each time I’ve suggested Ceragon is a solid company with a bright future in a growing space, people have pooh-poohed the suggestion–for one reason or another.

I may be wrong someday but I’m still waiting.  In the meantime, vindication sure feels good.

Disclosure: I hold no position, either long or short, in any stocks mentioned here.

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July 22, 2010 at 9:08 am 1 comment

They Shoot Horses, Don’t They?

Reading with interest this morning all the analysis about the newly passed Financial Reform bill.  Or as Harvey Pitt called it, “The Lawyers and Consultants Full Employment Act of 2010.”

Aside from it appearing to be the usual mess that all these omnibus bills inevitably end up becoming, I was struck by the following image.

It’s as if Congress had decided the best way to prevent future problems is to leave the barn door open, and instead surround the building with a make-shift, split-rail fence.

Long after all the horses have escaped, naturally.

Oh, and they knocked down the barn, too.

Disclosure: I hold no position, either long or short, in any stocks mentioned here.

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July 16, 2010 at 9:11 am Leave a comment


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Scott J. Berry, NY area

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