To: kennbill who wrote (4834 ) 6/15/1999 1:20:00 PM From: Mike Fredericks Respond to of 13157
Look guys, I don't know how many times this has to be said on the thread, but it's possible to both be long and question some things about the company. This isn't a black/white issue... it's not a situation where you have to 100% accept everything the company says or does blindly in order to be a long. You can be long and have doubts; it just means that the doubts are not large enough to convince the doubter to sell. I too am concerned about the stock action today. Yesterday everyone here said not to worry, the entire market (meaning the Naz) was down. Well today DJIA +0.98%, NAZ +1.05%, IATV down big. This after publishing seemingly good news - another release indicating TVGIA would be shipping their IATV app in 3Q, news from TVGIA concerning the horseracing channel, and 2-3 other releases... why would people sell now? Just makes no sense. It's possible that the reasons for selling are completely unrelated to the fundamentals here, but it's also possible that some of those selling (including the institutions that may be selling) know something we don't and if that's the case, we need to find it out. I don't think we need to get into a contest about who owns the most shares. I may own the fewest number of shares on the thread, but I still am a shareholder and have a "right to know" if something's going on. I was a CPQ shareholder recently during the valentine's day massacre when they "warned" unofficially to some brokerages, who conveniently sold all their stock before publishing downgrades, stock went from 50+ to 24 before I got out. I am NOT NOT NOT saying that this is what is going on here, but whenever there is stock action that looks unsettling, I get nervous and want to investigate. I fully support Jman in the questions that he has been asking. -Mike