CyberGuard Corp. (CYBG) Message Board

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Technology Stocks : CyberGuard Corp. (CYBG)

CYBG 0

-100.0%

Jul 23 5:00 PM EST

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To: Peter V who wrote (2009)	8/24/1998 12:58:00 PM
From: uu	Read Replies (2) of 2616

As someone who was long (and despite all that has happened continue to be), I have to admit this was not a wise investment (to say the least)! Just sold half my position in the stock and took a huge loss to offset some of the gains I had made earlier this year on some other trades. Loss is part of any investment. What does hurt though is not so much the amount of money lost but the fact that it seems as if it was not a fair game to begin with. As investors we do our best to research the company and we go by the information that have been made public by the company. Based on the balance sheet of this comapny 4 months ago, its products (which we use at our company very widely), its revenue growth (at least from what had been made public by the company) I bought the stock at around $13 and change the first time, and then bought more at $16. Then bought some more at around $8 and change. It is beyond me to express how painful was to sell half my position today at around $1.73/shr! But as I said what hurts is not so much the money because money comes and goes. What hurts is (and for the lack of a better word and as much as I hate to use Wexler's term) Fraudulant information that had been made public by the company and its auditors. I have come accross a situation like CYBG twice within the past 8 years, and if past is any indication of future with situations such as CYBG things do turn up to be OK eventually. The previous 2 cases took about between 2 to 3 years to recover but they did and I was fortunate enough to sell (after averaging down significantly) with an over all gain of about 75-80%. But no gain would ever heal the painful feeling and agony that I went through over those investments! At this time I just hope CYBG is a similar case and if fundamentals are good it willl turn up to be ok. However I for one at this time do not know what to believe anymore when it comes to CYBG's fundamentals. The company simply has lost credebility. As for Wexler whom I am sure has a big joyful smile on his face all I can say is I am not sure if he really knew what was going on with the company, or whether he worked for the auditors, or perhaps just a lucky guess. Whatever it was, he was correct and I do congratulate him for his call. Regards, Addi Jamshidi

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