SI
SI
discoversearch

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.
Strategies & Market Trends : Roger's 1998 Short Picks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Wexler who wrote (17480)2/18/1999 9:27:00 PM
From: Victor Lazlo   of 18691
 
Bill you post wise thoughts.

Two of the best investments I ever had traded quite a bit lower than where I bought them for most of the time I held them. Only in the last few mos of my owning them did they really take off. Both were showing consistent progress in their business and in their financials.

The two were Brooktrout Tech (brkt) and Fixcorp (fixc). I held brkt for 3.5 years and fixc for 14 mos. It sure does take a lot of self-confidence to hold stocks like these, but as you say, the positive fundamentals will almost always bring them back up.

I don't know when ifmx will bottom out but I am really not too concerned, and I may buy more soon.

I think Peter Lynch had the same experience when he bought Chrysler stock big time during their near-bankruptcy/govt loan period, and they came out with the K-car, which he thought would do very well. He was right, but he had to wait, while many colleagues told him he was crazy.

Victor
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext