Tuesday, October 9, 2007

Blue Coat Systems (BCSI) Up 5% on Deal with ITT

Posted by TraderMark at 10:13 AM TweetThis
Well this is a good day for the top holdings in the fund. Blue Coat Systems (BCSI), the top holding in the fund, is racing out to an early morning 5% pop on news of a deal with ITT. This stock has been consolidating around the 20 day moving average and building a nice base, for its next move. I've continued to accumulate as it has sat in a narrow range for a few weeks. I continue to see Blue Coat Systems (BCSI) making a run to $50 in the months ahead. (barring market meltdown).

ITT? 60k employees. 350 worldwide offices. Nice win Blue Coat, nice indeed.

Long Blue Coat Systems in fund; no personal position

Posted by TraderMark at 10:13 AM Comments (2) | Edit This Post | Create A New Post

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2 comments:

msb said...

Good call on MOS and BCSI.

I'm curiously watching the solars today. They all started off high but most are red now and LDK continues to steadily decline from it's highs of +20%. Wonder what the prevailing opinion is causing this behavior?

October 9, 2007 11:31 AM  
TraderMark said...

Valuation. Not a cheap sector. Plus once any doubt is cast, it raises suspicion. When stocks detach from valuations its all about confidence. Now some confidence is gone. If confidence is there, stocks can just run and run and run with no tie in to valuation (see YGE, FSLR, etc)

I am disappointed with this TSL. It got his the hardest out of the non LDK names and now gets no bounce. Sigh.

October 9, 2007 12:14 PM  

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