FORE Inc. Message Board

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Technology Stocks : FORE Inc.

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To: Ted B. who wrote (3177)	5/15/1997 3:49:00 PM
From: Glenn D. Rudolph	of 12559

Well, it seems apparent that THE HUNCH of Adam's isn't going to result in the kind of stock boost we all were looking for. Instead, we are seeing the predictable price erosion that accompanies an unfounded rumour and price runup. Wish I hadn't bought those JUN 15 and 17.5 calls back then. This stock is just no fun to trade anymore, unless you're into shorting. Why is Fore at the Core not being touted by either Fore or Microsoft? May the Market have mercy on those of us who are long... Ted, June is a long ways away as far as expiration is concerned. Investing based on a buyout is more like gambling. However, FORE is a solid company with a top notch product line. The market is just starting to give all the newtorkers a boost. Some consolidation occurs so there is a "rest" but let's hope for FORE to come back to the mid twenties. I have difficulty placing a fair value on FORE. I really do not know at what price it should be trading. I have opinions on other companies but FORE eludes me. I do not believe they can surive the long term alone. There are a lot of variables and those June Calls may be worth something siginifcant yet. I am long a lot of shares and my largest losses in any security have come from FORE. Also, my largest gains in prior years came from FORE. Not to start a rumor, but I wonder what annoucement Oracle will make today or Monday. They promise an annoucement but I can't put a handle on its meaning. Lots of variables. One last thought, you may offset the cost of your FORE calls by selling June 15 puts if you feel comfortable that FORE will remain above 15. You would have a strangle but it does work:-) Glenn

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