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Microcap & Penny Stocks : CAML lovers Where are you?
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To: Tim Finegan who wrote (1100)11/13/1996 4:37:00 PM
From: Philip Pasteur   of 1541
 
Tim,...I know that you just LOVE to correct me<GGG>!!

In this case (rats), it seems as though you are right.

In my defense, I am used to working with the government and government contractors. It is pretty universal for them to start the fiscal year April 1...rather than May 1.

70% is pretty good!!! BUT had you not had misplaced faith in the strenght of this stock, and had you not ignored history (rapid rise...rapid fall...consitently)you might have made 30% more!

As we discussed previously, it seems obvious that in the past there were some oportunities to make bucks on the CAML hype induced swings. However I can see absolutely no reason for your optimism about any kind of long term "breakout". I have to think that anyone with a significant long position has misjudged this company, it's management, and it's market potential, and will ultimately lose money.

I hope you made enough speculating on the swings to cover the losses from the stock that you bought at $5 to $8.

I want tyou to know that this is not an attack on your investment strategy, it is merely to indicate that there is little reason to think that any stock purchased in Caml for much over a dollar is likely to ever return much. Any stock purchased at much over $2...well maybe you can take a write off when tax time comes around!!

BTW...I will be watching COMDEX...is Danny bringing his castle?? I hope not, as the results from the last time he used it did not justify the money that he frivoluosly sucked away from the company to build it and transport it!
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