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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: bob yahnke who wrote (8261)12/11/1997 12:26:00 PM
From: steve goldman  Read Replies (2) of 14577
 
Bob...excellent point. Tonight, margin calls will goout for positions in S3. Add to it that no respectable mutual fund would dare risk investors money in stocks under $10, let alone $5, given the accounting issues, bad management, this stock does not have much going for it.

Better to own 250 shares of a $20 stock than 1000 of this thing.

Ken, you still recommending this stock? Ken I remember you attacked me personally when I suggested thatyou sell this thing when they annouced the last quarter earnings and after hearing the conference call. I think the stock was 11 then. You were buying, right? I hope you haven't been recommending this stock.

S3...lets saythey are a wonderful company, lets say the can consistently earn OK money, do you ever think they will earn $1.00 per share so that at a reasonable PE of 10. Forget 20 or 30 times earnings. Those are reserved for the best companies, with upward earnings surprises and great potential.

Forget the dream of seeing 15 on this stock any time soon. You have better odds at seeing zero. You could reasonably consider that the stock might hit 7 or so, a 30/40% return in the next few months and maybe it can build on that. Anyone thinkingthat its just a matter of weeks before this stock heads back to even ten is not being a realists. Play the odds you can win.

Regards,
Steve@yamner.com
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