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Technology Stocks : 7th Level
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To: MKEL who wrote (436)10/9/1997 12:05:00 AM
From: JC Jaros   of 1019
 
Re: Buying 7th Level in a fit of insanity-

Okay, I'm not proud; I did the same thing about a year and a half ago, shortly after proclaiming that I'd never buy a software stock. After reading a wire item regarding the Monty Python CD/site (knowing how popular MP was historically in the online community) I bought 500 shares at $12 and averaged UP the-next-day to $12.50 for a total of 1,000s. Doh!

Knowing that Micheal Milken (whom I admire) was involved later somehow made me hold through the bottom falling out of the game industry, $6 SEVL and the appointment of the new Milken BOD and Management. The proprietary 3-D technology also seemed like a valuable asset. I thought it a positive development with regard to new direction of the game market/gaming paradigm (toward the web) by SEVL seemed crisp and timely.

The new business model looks promising. I don't understand why there isn't more direction from the management to build SOME degree of confindence within the ranks of it's investors. A LOT of people are out there (I believe) with cost basis' higher than $8-$10. Being mindful of not throwing good money after bad, It'd be nice to average down with a purchace at $2.50-$3. It's that silence from the company that keeps me from doing that.

There! I SAID it!

:)

JOhn BeyOnd

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