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Technology Stocks : XYBR - Xybernaut
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To: Dave Shoe who wrote (2794)8/29/1999 7:43:00 PM
From: John Richter  Read Replies (1) of 6847
 
I say that delisting is preferable to a reverse split only because of NASDAQ rules. There are two ways to meet the listing criteria. One way has a requirement for a minimum price greater than $5. But while I cannot tell you any reason why stocks that do a reverse split go down drastically, empirical evidence shows they do. If you ever own a stock that announces a reverse split - sell immediately!!! You will be able to buy it at half of the post reverse split price in a few weeks.

I haven't been in this stock for all that long. So what exactly do you want Newman to say? I think he should say that he is way too optimistic about the ramp-up of sales. But I think he already did.

But these situations always take way more time that those involved think they should. This stock reminds me of another I own in a big way. Management was saying how bright the future was while the price was going down. Stockholders were upset. The price declined from several dollars to a dollar. I bought a large quantity of stock because I understood the technology and I have patience. Two years later the stock is at $8 and looks like it will go much higher.

The key thing here is that these situations always take a lot longer to develop that anyone thinks. I know from experience about the glacial pace of big corporations adopting radically new technology. But in the end stock also often goes higher that anyone could imagine. It takes a special mind-set to invest in stocks like this. Many people are better off in mutual funds.

I saw that an independent market research firm estimated the wearable computer market to be $600 million in 2004. If their patents are good we will share in this big time! I see this stock as giving us a 50-50 chance of losing most of our investment or making 10 times our money. I figure if I invest in a few of these stocks the winners will make me forget the losers.

Good luck to all XYBR longs!
John
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