Quarterdeck: Making a Striking Comeback! Message Board

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Technology Stocks : Quarterdeck: Making a Striking Comeback!

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To: Mark Boatwright who wrote (3197)	10/2/1998 8:51:00 PM
From: Jesse Livermore	Read Replies (2) of 3307

Hi guys, Good to see I am not forgotten. I did sell out at 1/2. I wrestled with 10,000 more at 5/8 but then sold. As the price dropped to 1/4 I suppose it was the wise thing to do. I did not buy back and it would have been nice to have 50,000 shares at 1/4 to sell at $1 in the last pop but you can't look back. Suffice it to say that unless they can sell award winning products all the news is worth nada. I averaged a loser down and it cost me. I learned not to trust insider drivel. I bought the insider buying at 1 3/4 as a sign of the turn around. At the time they had 50M shares out and 20M cash and a new management team and award winning products and hope that Win98 would help sales. At this time I see too much debt, too many shares, too little cash, too little sales, too few employees. A reverse will punish holders and if the company survives it might come back but unless there is a miracle product they face another refinancing in 2001 when the 25M note is due. Good luck if you are holding but I can't do it. Got to move on. I would like to write a book about the experience. It would be about the boom and bust of a tech stock.

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