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Technology Stocks : USRX

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To: damniseedemons who wrote (12416)2/21/1997 4:32:00 AM
From: Eric Prigge   of 18024
 
Sal,

ÿÿÿÿÿI appreciate your viewpoint. I wish you future luck playing this sector in your style. Still I insist that value investing is the essential starting platform. You may do without it but not as well as you could. (IMHO)

ÿÿÿÿÿ<<There is far too much uncertainty in the high-tech industry....Will the company still be in business 3 years from now?>> I'm here. I make good plays because I know the technology, I know the fundamentals, and I pay attention to the fear/euphoria cycles that investors like yourself participate in. I agree in that I would never plan a play beyond 6mo. in biz like this because of the product cycles but you can't therefore logically ignore the underlying facts. (Well maybe you can. :-)

ÿÿÿÿÿ<<I agree that fear is not a fundamental. Regardless, it has a large part in the way a stock is valued.>> NO! It has nothing to do with how a stock is valued. Fear/euphoria and market demand come and go. Value is real. The big wheel turns round and round. With a little luck I'll be there at both ends.

ÿÿÿÿÿI'm in @ 58. We'll see how it goes. Back to the deep I go.

Regards,
Eric
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