<<Where have you been for several months? >>
I've been reading all the posts since around
beginning of December. So I've read all
you're posts since then.
Yes, I started posting a few weeks ago. So you
probably know my position. I'm investing for the
long term. My expectations for COMS are that it
start showing very concrete signs of improvement
by Jan '99. Good chance that the turn around
starts sooner.
I started accumulating COMS last May/June. I did
research on the company and liked the story. Mostly
I'm very bullish on the network sector for the
future. I see CSCO and COMS as the two companies
best prepared to handle all the ups and downs coming
up in the next few years.
<<Why don't you demonstrate to this thread what
credibility you have>>
I don't think that we're here to compete against
each other. (At least I'm not interested in that.)
I think most of us are here to see if we can learn
something new to improve our investing positions.
I've been right and wrong about COMS. I was wrong
back in Oct/Nov when the stock started drifting
sharply downward, due to the accounting/inventory
problems (caught me unawares - should have been
more alert). I stayed in because I didn't see
any change in the quality/expertise/vision of the
company, just to name a few attributes I like. I've
also been encouraged by the way COMS has been
dealing with their problems since December.
I've been accumulating more COMS since then, as it
progressively goes down - considering it more and more
of a bargain price.
I think I was right about saying in my earlier post
somewhere, that we've seen most of the bad
in COMS (still could get worse, but more likely
to go up - this is looking at it from the fundamentals
of the company; not market movement which is another
variable - think that market movement will also move
it up, but I consider that more speculation and don't
like to rely on this kind of thinking).
<< So, I guess you're betting on the market pushing the stock up - pure market timing; is this correct? >>
<<Keep guessing.>>
So, does this mean you've become more optimistic about the
fundamentals? I respect your opinion enough to want
to know the reason for the change. Lately, though,
I wonder if your being more whimsical, less honest to the
thread.
<<I already explained my reasons. Go read my posts again.>>
Like I said, I've read all your posts since beg. of Dec..
From what I've seen your hugely negative about COMS. You've
never said one thing good about the company. So, I'm
surprised that you're buying. I know you think that
lately, many bad companies/stocks are getting bought
anyway because the tape is rolling that way - "don't stand in front of the tape philosophy". But, I'd be surprised to see
you bet this way for a while on COMS - from my observations
of reading your posts.
So, is there anything new in your reasoning for changing
your position? Or are your posting standards dropping?
Joe |
