Stitch,
"Ever notice how many familiar faces we have lost on these threads over the last year?"
Yes. But it is just as remarkable, I think, that we have kept a lot of the same names, despite the slide.
One note, though--if Bakar's slide was done a year ago (and, of course, especially, say, in June or so of 1997), it would have looked very different. The vast majority of the damage has been done since then, especially in the vendors. A few of the component suppliers went down before then, but others remained robust.
My "resilience and hearty constitution" was more luck in riding SEG most of the way up and getting out near enough to the top to make me happy, and getting in QNTM near the bottom in 95 and 96. Unhappily, I invested a lot of the proceeds from SEG in QNTM, and only got out of a relatively small portion of that one in time. However, while I'm still not diversified enough to have prevented some hefty losses over the past year, I'm getting there.
Enjoy your reports from Diskcon. Wish there was better news. However, I am perversely and undoubtedly foolishly mildly optimistic about QNTM over the next 6 months. I am assuming that they can still make money on the BigFoot, despite their aggressive pricing, and that DLT/ATLPA will allow them to have enough growth to make this price (i.e., 16-17) look like a bargain down the road. We'll see. But in the end, Z was right back in January to sell at 26 (if he/we couldn't have managed to have been even more prescient and have sold in the high 30s, low 40s last autumn).
Best wishes,
Sam |
