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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: Michael who wrote (7814)11/13/1997 9:14:00 AM
From: steve goldman  Read Replies (2) of 14577
 
Michael,

Noone is saying S3 is going bankrupt or out of business, right now atleast (although I have seen events like this put the eternal hurt on some companies which then never recover). but then you arent simply owning this company to go nowhere. You want to put your money in stocks to go higher.

Would you rather have 1000 s3 at 6 1/2 or 500 of something else at 13 or 250 of something at 26? The investment is the same but it sounds like too many on this thread have fallen in love with the stock and thinkthat the stock owes you something and will eventually pay up. Look at the pink sheets the companies scattered throughoutwith great revenuesthat trade in small decimals.

I am in now way saying that this would happen to the stock, but 6 1/4 feels like a reasonable price for it. It will take a wholesale sentiment change to get it higher and I dont think it willhappen with lawsuits pending and earnings to be bad for two quarters.

You have to learn to cut your losses and move on. Sure this stock could possiblymove back to 8 if techs recover but the fundamental problems did not change. I have made plenty of mistakes andhave made bad trades in my past. I still do them to date. They can't all be winners. Nonetheless, the worst mistake you couldmake would be to not be reactive and adjust when such bad things come around.

I truly hope it moves higher so that investors can get some of their hard money back. In no way am I a short, but I just call it the way i see it.

Regards,
steve@yamner.com
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