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Technology Stocks : Excel Communications

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To: McNabb Brothers who wrote (2384)12/15/1997 1:34:00 AM
From: CrazyTrain  Read Replies (1) of 2806
 
Pyramid, McNabb's advice...

I want to quickly respond to something that was said earlier about pyramids and running out of people. This would be a serious long-term problem if they couldn't expand their services. However, if they can expand their services enough (PCS phones, satelite, electricity, internet, local phones...), then they can make it feasible for those who have trouble recruiting to earn a reasonable income just from their personal usage and personal sales. This solves the "pyramid problem" and you end up with those who can recruit (the managers) and those who can sell the services (just like traditional companies). The residuals and personal sevice keep the customer retention high. Zero marketing costs keep the companies services very competitive. Why is this so hard to comprehend?

Correct me if I'm wrong but isn't the goal of this stock or any other stock to make money? Is this board a place to help each other make wise choices about investing in ECI? With that in mind, I have a difficult time understanding why the McNabbs would be so proud of the advice they have given us on this board so far.

>>Sold ECI short the the mid to high 30's and covered in the low 20's!

As I recall, the McNabbs first posted on this board when ECI was around $13 dollars. They shorted ECI at $30 but did not ask us to join them until it bottemed out. If you had taken their advice and shorted in the low teens you would have lost your money. They were still recommending short even as it climbed into the $20 range and held (if you followed their advice you again lost more money).

>>Said that ECI would be dead money for the forseeable future and it did rally to the high 20's only to fall back to the low 20's!

>>Two days before ECI warned I posted on the thread that ECI was still dead money and that I thought that the financials would not get any better for ECI when they reported their next earnings!

Any stock that continues to rise and fall is a dream for those who short stock. $20 to almost $30 to $15...How is this dead money?

They are again talking about shorting now that it's at $16. Where were they when it was at $29 a few weeks ago?

Bottem line- So far I have not seen one recommendation they have made on ECI that would have made me any money.
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