OBJECT DESIGN Inc.: Bargain of the year!! Message Board

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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!!

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To: hasbeen101 who wrote (2149)	7/17/1998 9:56:00 PM
From: ahhaha	Read Replies (1) of 3194

Keynes said that in the long run, we are all dead. In investment there has to be some kind of objective or horizon. That means selling. I have always advocated long term hold strategy simply because it is the only way to succeed regardless of knowledge, experience, contacts, or skill. You buy and sell until you find a vehicle that is onto something that will last. As long as the basic concept of the company is viable, there is no reason to sell. That means holding during poor earnings periods. Poor doesn't mean negative. Negative is a candidate for sale regardless of great expectations. If a company has negative earnings and is random walking in a base, the above doesn't hold, but you have to wait until the stock technically breaks out of the base before assuming a position. Otherwise you'll get screwed. Thus I don't have any particular period of expected holding. I almost always sell because my computer programs (re-written in C 10 years ago) based on every trade data tell me to do so. I almost always buy because I can envision a future where this prospective investment will undergo tremendous growth, not for technical reasons. The technical is only an attempt to protect the alternative cost lost of dead money vs the return on money markets. I don't want to own until the crowd starts to get interested. There are about 30 companies I watch but which haven't developed fundamentally where the sufficient mass of earnings starts to attract attention. As I've stated repeatedly over the last year, Objectstore is the premier product. I've learned that earnings streams don't get thick with only that. It takes a confluence of factors which are noticeably absent with ODIS. We've all discussed this endlessly as you can testify. My horizon has been reached with this company. I agree with the institutional view. This company lacks earnings visibility. As an extremely experienced pro I can no longer justify spending time keeping up with ODIS. There are other better investments to pursue. You have a special situation. I always advise individuals to own stock in the company for whom they work. You are in that situation so you should hold regardless of what money managers like myself do.

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