Yes, of course Bill, my god-like mentor, my savior! How could I have forgotten your great gifts to me? I was but a fool until you came to my salvation....
Seriously, though. Here is a brief of my NSCP history:
Until July 1995, I never really used a computer. Then, I got into the market (INTC and MSFT). By August, I was more familiar with technology. On August 8, I didn't understand why I couldn't get the NSCP IPO with my (dad's) lowly account at Prudential. Instead, I put in an order to buy NSCP anywhere below 50...it opened at 71, went to 75, and close in the 50s. A few months later, I bought NSCP (long) in the 60s, and sold in the 80s. Bought again in the 70s, and sold in the low 100s. Got really mad after it really started running because I wasn't in on it. At this time, I still didn't know too much about MSFT vs. NSCP, and that there was some bad-blood between them.
By the end of November, I was starting to "get it." After hearing about the Dec 7 MSFT Internet day, I shorted NSCP right near the highs (~170s). I then traded it perfectly like I was clairvoyant or something. Always shorted at the high bounces/rallys, and covered near the lows (never went long). This went on until April of 1996. I was also very bearish on NSCP at the time, and was sure MSFT would put them out of business soon....
At around May, I moved to H&Q. He bought NSCP in the high 60s, on a bet with me which I couldn't lose. We watched it go down, and I periodically shorted it for quick-trades. This went on until early July. At this time, I was quite certain that NSCP would continue to exist, but would never come close to being a significant company.
Didn't do anything with NSCP August, when I bought some shares (long) in the low 40s. A few weeks ago, I bought a LOT more in the mid-40s. I planned to do this for a trade, but I've decided to hold for a while....I'm bullish on NSCP now.
>I'm sure Sal will support me 100% on this, too!
If you haven't noticed, recently, we agree more and more (except about Java). Also, I DARE say that I've been MORE bullish on NSCP's stock than you!!! I've posted numerous time that I thought NSCP was headed into the 60s, shorter-term, while you thought it was going to consolidate in the high 40s (which you said was as low as it was going to get). |
