SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Laser Vision Centers, Inc. (NASDAQ: LVCI)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Mac who wrote (95)8/8/1997 9:17:00 AM
From: Xavier   of 413
 
Jim Mac: I'm not very savvy when it comes to investing but I have learned one thing. SENTIMENT DRIVES THE MARKET!!

That is not to say that technical analysis isn't worth the effort, but it is based on the obvious. That is to say: high revenues, good earnings, diverse products, etc. = a solid investment. Or does it?

The problem occurs when a company has all of the above but is not a "popular" stock to own. People get tired of the stock going nowhere and abandon it. I think that this is a relatively new development in the market and is due to the fact that so many people trade over the internet and can move their money so easily. Every once in a while we have a "flight to quality" and everyone comes rushing back to those abandoned stocks.

I have been guilty of the same thing several times. I used to own Sara Lee, a company which fit all of the above descriptions but went nowhere because it wasn't a popular stock. After a year of going nowhere, I abandoned it. You guessed it--it immediately started going up.

As far as LVCI. It has all the right qualifications for becoming a "boring stock". Hype should really play no part in the stock's price. Eyecare is here to stay. What LVCI has to do is distinguish itself in a very competitive market. I believe that the portable laser is what sets this company apart.

My biggest problem is that I lost so much last year that I am impatient and want to recoup what I lost from listening to my A. G. Edwards broker. My biggest problem is that I'm too chicken to follow my instincts. For instance, I knew that investing in APPLE would be a wise move. It was another Chrysler situation. But here i sit telling you what I should have done and didn't.

Oh well, I'll stop my rambling for now. Let's see what happens today.

Take it easy!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext