OT--
<<NOVLs recent success has been due to a focus on their own strengths, not an attempt
to beat MSFT at their game. My points in the previous message are not meant to be
biased. It's a question of risk vs. reward. I wanted to point out that you will always get
better upside performance in higher risk company that performs well (NOVL) than you
will in a lower risk company that performs well (MSFT).>>
I completely agree with these comments. Right on, as Schmidt is positioning NOVL in its niche of strength (not just applications on the NOS, but applications on NDS), and what I foresee as a sector of strong growth. Thanks. I'm just curious though, you've taken what I consider a high risk to leave a position of steady income, and become a "trader" for a living. Not that it won't result in better upside performance, but I'm curious why you don't consider a bet on NOVL a worthy risk. I'm not saying its a screaming buy here at $29, but in the single digits and low teens, the company Schmidt was building had overwhelming value IMHO. Either way, I have the patience to let what appeared to be a high risk bet 18 months ago (with $3 in cash, a visionary CEO, I was buying in the $7s, as objective risk analysis said this was a bird's nest on the ground, minimal downside, strong upside potential), growth into a long term, lower risk and higher performance investment. We'll see. I'm looking forward to the future. Regards, QuadK |
