Come on, lets get the final blow out move over with! We need blood in the street! This is the reason I should stay away from this stock: too emotional on the down side. Approaching %30 down in a week started by a single downgrade to Hold.
Ok, that was a bit harsh, let me apologize and retract the harshness of my last post. In a more civilized tone, please read latest 10Q and you will find that organic growth (growth not attributable to acquisitions in 2006 and 2007) in both services and software were both over 30% on revenue.
The problem for this stock is that it doesn't have the financials to back their stock price. It only has momentum and expected great future performance. If they don't continue overperforming this stock will get hit and fall back to its financial value which i think is closer to $10/share. I think it is incredible how well this stock has performed over the years to not take a hit. At some point all stocks find their financial value as they mature
Looking for 16.75 as the low of this route. Too many acquisitions, worry of economic slow down, and significant profit taking (from last two years of hefty gains) by all those longs are good reasons to look lower still.