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Technology Stocks : Cascade Communications (CSCC)
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To: Teddy who wrote (2379)2/22/1997 6:34:00 PM
From: Brian C   of 3743
 
My quick opinion is that I always tend to feel sorry for anyone that has the lack of decency to call someone a loser. I suggest you explore your childhood and perhaps come to grips with issues of humanity and empathy. When your done with that you may wish to spend sometime working on issues of accuracy, which in part may relate to broader issues of integrity.

If you look a little deeper you'll find that I do not own CSCC, but am looking at buying it. I like a lot of what I see in this price neighborhood excepting that the CEO is a seller. I have a real problem with that.

I think you'll find that Mr. Buffet did not start his fortune on the back of a mere $1,000. He had substantially more capital than that working for him and I wish I would have been one of his investors. Further, if you dig a little further you will find that in several cases he has paid what appeared to be a rather lofty price for certain stocks, watched them drop, but he had the patience and confidence in his judgement to average down and wait it out. Most recently he took Geico private at what was not a cheap price and he paid fairly for Flight Safety. I recall that after he bought the Washington Post the price plunged.

In any event I feel bad for the many people who lost money on CSCC and would remind them that they haven't lost a penny if they don't sell. In the short term the stock market is a voting machine, whereas in the long term it is a weighing machine. I have owned stocks that I believed in that have gone to less than half of what I paid for them and have had them come back and in the end my internal rate of return on the investment was great. I was confident of my judgement and the biggest mistake I could have made would have been to sell.

I am not endorsing the stock because I don't know enough yet about it but judging from some of the comments I have seen their are a number of people who appear well informed and are very positive. I would hasten to call them losers. Unfortunately, your lack of compassion is all to common and very disheartening. At the end of the day when it is all said and done, I am glad I am not you.
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