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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: Randy who wrote (13160)6/17/1999 11:26:00 PM
From: stock talk  Read Replies (1) of 14577
 
Randy,

<Do I have a reason to believe your positions going forward?>

The short answer is no :-(

S3 has one of my worst picks. I first invested in S3 in either 95 or 96, I forget. My core position has been 10,400 shares with a cost basis of $10 and change. I have traded in and out over the years made more than I lost by about 2 to 1. I just sold 1/2 of my core position after holding it for 3 or 4 years for about a $7800 loss( thats about what I made on trading S3 over the years). I am expecting to make up the loss on the other 1/2 of my position and in the mean time free up some cash for trading opportunities. It wasn't the wrong time for me to bail on half, right now for me cash is king. So it looks like my cost basis just increased to $12 1/4 for me to break even on the 5200 shares I have left. So I am quite comfortable that S3 will trade higher than that by Jan. 2000 when I will need the money. In the mean time I have a few bucks freed up from S3 prison to do some trading.

P.S. Now that you won't believe me most of that freed up cash is going to NMSS that will be bought out shortly and I can double my money and then reinvest it back in S3 and buy double the amount of S3 shares<VBG>
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