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Technology Stocks : Copytele - Another XEROX in future

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To: Ken G who wrote (1078)11/8/1997 7:02:00 AM
From: Rich Goldsmith  Read Replies (1) of 1320
 
Ken,

I don't short/margin because of the potential downside -- I'm afraid of losing my ass. If I did short it would not be in COPY, I do think it's going to $0, but not in the next few years. I bought COPY at 5-, 7-, and 8+, and sold at 7- early this year (split before the last split prices). The money went into PFE. I am now out of PFE, I'm afraid of pharms with PEs in the 40+ range. One could argue that I could have done just as well by shorting COPY. If I had shorted COPY, I'm sure the company would be out of business by now, which would have elimated this most entertaining thread -- another of my fears. I will save the rest of the 'my fears' discussion for the "Let's Discuss Our Feelings" thread. Let's see, that's in the Coffee Shop and turn left, right?

Regards,

Rich
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