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Technology Stocks : USRX
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To: damniseedemons who wrote (13474)2/26/1997 8:19:00 PM
From: Bruce R. Schlake   of 18024
 
Sal,

Almost sold this networker but instead bought more on the dip. Your arguments about the networkers almost had me convinced to sell but I used something I think you said somewhere:

When the're yelling you should be selling
When the're crying you should be buying

The other one I use is:

Buy selling panics and sell buying panics

And of course, the question I always ask myself:

Would you buy this company today based on the fundamentals?

These sayings and your extreme bearishness kind of made you my main contra indicator. Don't get me wrong I respect your opinion, everything you said made perfect sense. I just think all of us can be a little too logical sometimes and a lot of luck is needed, at least for the short term.

And who knows the networkers may continue to tumble, but with respect to the quality companies my advice would be to keep your positions and accumulate more.

I enjoy your posts, keep fighting em off, and congrats to all on the merger, even if it is a steal!

Bruce

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