VIAB (Viacom Class B shares) formerly CBS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 36.81

+0.9%

9:34 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sonny who wrote (2698)	10/6/1998 4:56:00 PM
From: Patrice Gigahurtz	Read Replies (2) of 4613

Sonny: I was forced to sell by my broker. They raised my equity % from 30% to 40% and complained how I was way too concentrated in CBS stock. I still have cashed in net profits for '98 and so I just used some of that to offset the CBS loss and keep the broker off my back. I don't need this $$$$ for maybe 10 years if that. But it bugs me that I missed the re-entry at these low prices versus the $29 1/2 and $26 1/2 prices that I went for. Back in late July I sold 80% of my CBS for $34 3/4 and then got greedy and started looking for re-entry prices; I just jumped back in too soon. Then another major blunder ! Instead of getting out a few weeks ago at $28 5/8 I held and the rest is history. Problem with this stock is everyday negative news comes out in some paper about pressure for ad $ from a less robust US market, job cuts at the net side and the cost associated with that. I just wish they could deliver a qtr earnings that could shut the doom-sayers up ! Thanks PS: I can't believe that it takes brain surgery to fix this global mess.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next