Hi Bosco,
well - let's say I'm back. Sorry I was off so long - but I wouldn't have been an assertative fellow with a market like that. So instead of whining, I needed some "coolin off". Better than spreading accusations around I would guess..
OK first of all I should have bought SIII. I didn't. Anyway I still will have a chance after they have announced the quarterly which will not be so bright. Should settle briefly blow $3 before advancing.
On the OTC front I really got hammered. But I'm still into HICO & AMUT. Everyone needs his experience (Exodus for example. This clearly was mine. GRR.)
Was able to minimize some losses when DEPCC (this was a succesful reorg company) was acquired by Hoechst Corp of Germany. Sold for $5, bought under $3.
Apart from that You can be right with a company and still feel the market's impact. Look what happened to CGCA (formerly called NRGG). They are really having a party but no one seems to care. Funny company. Doing so well but the stock is performing miserably. At $9.5 now and the thing is growing nicely. Wonder what they'll have to do to make it right.
Then I'm still into PWAV. This company did some nice things but the sector has huge shifts in demand due to AFC, staggering buying patterns by wireless network providers and the like. Anyway bought out the RF-biz from HP, conservatively financed.
Techstock wise I entered AMD & CPQ. I like the not-too well known tie between them. AMD inherited the EV-6 protocol from DEC (thru a licensing deal). CPQ now has the rights to it. AMD's new product the K-7 will be a formidable competitor to Intel at the highend also. This is a 1 year play for me but I'm entering cheap. Now imagine: AMD's unit volume shipment number was more than 3.5 million CPUs this quarter. And the megafab in Germany (Dresden) isn't even online. They will have the K6-2A soon (with a faster FPU that will match the Pentium II FPU power), in January the K6-3 will show up while the mobile K6 hits the street right now. This means attack at Intel at ALL SEGMENTS.
Intel can't flood the market this time - no cost advantage here. They will fight it out thru other strategies, probably segmentation. Anyway now after K7 will be out (May/June 99), You will have one company exceptionally happy: CPQ. Because EV6 will be used the new EV6 alpha-CPUs could share the same mainboard designs of the K7. Great strategy. AMD gets a fast bus, CPQ gains access to the "supporting infrastructure" in the form of independently produced core logic products (think of SIS, VIA, UMC etc.) and a huge mainboard producer base. This is attack mode for CPQ and puts them in a premium position when compared with IBM, GTW, DELL etc..
Last but not least I got into 2 warrants: ORCL, HWP. Hope the market will recover quickly. I see rosier days coming up. Perhaps another rate cut could be imminent..
Still watching: AURL, STRX, STGC, DIMD, TDDDF, SIII
interesting IPO: nVidiA (technical excellence vs. ATY.TO and TDFX)
best regards
CROSSY
BTW : hope You haven't been hurt that bad from the Russian crisis (when the tail wags the dog..) |
