Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: hoyasaxa who wrote (4274)	9/30/1998 3:44:00 PM
From: ahhaha	Read Replies (2) of 4903

It isn't undervalued today. You don't buy on today's results. You have to guess tomorrow's results. That's what buying low is all about. It has to look bad on the surface. In my previous posts I've given you all that you need. If you think the thesis is wrong, then attack it. An exercise in number throwing is entirely useless. If you haven't learned that, you're a beginner in this business. Beginners take comfortable positions filled with rosy numbers from many bullish analysts. You have to take uncomfortable positions where there is a possibility that something like what is raised in post # 4263 may happen. In that case the upside is unlimited, in contradistinction the downside is limited.

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