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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (690)	7/11/1999 3:09:00 PM
From: Zeev Hed	Respond to of 1438

David, I have admitted of being wrong more than once on these threads. When you make weekly and monthly forecasts of where the market or the SOX is going for three years, you are bound to have a pretty good number of crow eating sessions. As to when I'll eat crow relative to this outfit, the price is not truly relevant, performance will be and that will be showing growth of the top line and an indication that self generated cash can support its future. Statistically speaking, however, I still had not had to eat crow on a single floorless for which I sounded the warning signal. One of them, ASTN, I was neutral on, then quite positive (all after the floorless apparently was taken out), and then actually surprised that my positive attitude was premature. The thread there has my crow eating statement quite clear. The stock there has since recovered from the down draft, but still has some uncertainties associated with it. That is speculation, what you are suggesting is gambling, with blindfolds. Zeev