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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE]
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To: Doug who wrote (420)2/26/1999 10:51:00 PM
From: Rob Riordan  Read Replies (1) of 792
 
Doug - I am basically echoing what Glenn detailed in a previous post. When a companies value gets beaten down, such as we saw today with CKEYF it is generally a signal to me to start to accumulate. I do not know where the absolute bottom will be, and I plan on increasing my position again should the price fall to $3 US, but I do believe that the longer term upside is much higher than the short term downside. Since I already stated that I am in it for the long haul, I have already somewhat discounted the short-term gain/risk that your question raises. But to try and answer your question, I see the short-term risk at about $3 with a short-term reward about $5.5. I doubled down at $4.25 so you can draw your own conclusions.

I am betting, however, that a year from now, the stock will be at a level that in retrospect will make $3, $4.25 and $5.5 look cheap. Hope I am right. Rob
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