I have great respect for all of my readers, but it's hard watching them get influenced by flawed due diligence.
Folks, if Gartner doesn't even acknowledge them among their 20 Magic Quadrant vendors, what does that tell you about the product and how much competition there is out there?
Here's my latest exchange with a reader...
p.s. As always, you can get my free real-time Twitter alerts by texting FOLLOW BOSTONGEKKO to 40404. Cheers.
I believe investors realizes this is definitely not a pump & dump stock. Business Social Networking is here and BVSN is poised for success with Dr. Chen at the helm.
27 Apr, 02:46 PM
I can't say that I agree.
The shares deserved a higher valuation when I first picked it (see http://seekingalpha.co...), but the valuation most certainly became excessive, which is why I flipped from long to short and called the last two earnings disappointments:(http://seekingalpha.co...).
You can count on me to call the stock a good buy gain when it is warranted. I have great respect for Dr. Chen, but I still believe that BVSN shares are overvalued. Plus, the momentum has clearly turned negative.
Keep in mind that we've called this stock right (long, short, and quarterly results). I will be waiting for a pullback to our fair-value target of $15.50.
Disclosure: I am short BVSN.