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Technology Stocks : Deswell Industries (DSWL)
DSWL 3.310-2.6%9:34 AM EST

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To: Ron Bower who wrote (1015)10/10/1998 10:05:00 PM
From: j rector  Read Replies (1) of 1418
 
Ron,

At this point (having lost a hell of alot of money) I think
that perception is everything. The perception on DSWLF is
that it is in ASIA, in ECM, and uninterested in its non-insider
shareholders.

In a perfect world (where everybody acts like Warren Buffet) I
would agree with you, but we don't live in a perfect world. Fund
managers who control most of the money in the world today (bad
idea) have a mean reversion mentality. They don't mind losing
money on Coca-Cola, but DSWLF? I think management doesnt understand
how the current US market is working. Don't get me wrong, I am
a fundamentalist at heart, but I also subscribe to some aspects
of behavioral economics. DSWLF not only needs to take care of
buisness, but needs to attract shareholders in non-fundamental
ways.

J.
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