Tuesday, June 3, 2008
TheStreet.com Hearts IRBT
Their logic escapes me, but TheStreet.com now apparently likes IRBT, sortof, but only if it keeps going up. I hate logic like this and the whole technical analysis voodoo. With iRobot, if they get some decent contracts and people buy the new Roomba in droves, that's what will drive the stock. The technical analysis types didn't like the stock when it was $12! Now they like it at $22? I'm happy I bought a truckload in the teens.
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