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Technology Stocks : FORE Inc.
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To: mad dog from over there who wrote (9724)11/19/1998 12:24:00 AM
From: ahhaha   of 12559
 
Hold. If you trade you'll just reduce your expected return. Contrary to what some others have said, every trade analysis shows FORE is in great demand. It was in great demand as it dropped from 17 to 13. The booked orders below enabled marginal selling to take the executed price lower. There was little down tick concession and low elasticity relative to marginal supply in the down side translation.

I wouldn't base any investment decision on buyout rumor. You should hold the shares because the company is taking it to the bottom line at a rate faster than currently expected. When FORE gets going there will be some very dynamic upside. It will trade at 60x on $1.00. The way to succeed with your position is to hold and add unless there is something more attractive. FORE has the ability to move contrary to the market. It's profitability cycle seems 180 degrees out of phase. I believe we are headed for a bear trend in '99, but I also believe that FORE will buck it. The challenge for you will be to hold when other networkers are being summarily shot.
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