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NWRE: It's so hard, it must be right

By David Randolph · September 6, 2005 · 1 min read · 1,718 views
We bought shares of NWRE at an average price of $15 for the 3 Stocks on Fire Portfolio. I have just 10 minutes to write this recommendation, so I'll go by topics:

1) The stock has risen so much over the last couple of days that it is obvious that market participants are seeing a great difference between the market value and the intrinsic value of this company.

2) This has happened because of the earnings release the company made on September 1st:

Neoware Reports Record Fiscal 2005 and Fourth Quarter Revenue and Earnings


I don't have time to explain further, only at my first update before tomorrow's open, but I believe this stock will trade above $22 in the next couple of weeks.



David Randolph
www.3stocksonfire.org


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(This recommendation was made by David Randolph from 3 Stocks on Fire, and he will update this analysis everyday after the close until he sells the stock. The 3 Stocks on Fire Portfolio is up 148% since inception on 28th of April 2005. 3 Stocks on Fire is a Community of stock traders and investors. Our 3324 members exchange trading ideas and strategies on our message boards everyday. We welcome you as a new member of the 3 Stocks on Fire Community, please take 10 seconds to register and receive our free newsletter)

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