Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NOPT: Northeast Optic Network, Inc -- Ignore unavailable to you. Want to Upgrade?

To: RobbRacer who wrote (125)	7/15/1999 11:28:00 PM
From: Mr. Palau	Respond to of 708

My unsolicited two-cents worth: I think the truth lies somewhere between the views of Robb and Jerry (and Robb's other critics). I am a follower of George Gilder, think he has remarkable insight into the companies are creating new technological paradigms, and have done very well over the past several months investing in companies he has highlighted, including QCOM, UNPH, CNXT and BRCM. Indeed, I had my trading window open at 10:00 am when his report came out and immediately bought shares of NOPT at 19 1/2 after a quick perusal of his report; for good or bad, I trust his judgment that much. Having said that, I agree with Mr. Racer that then stock price (and corresponding market capitalization) have increased far too rapidly to be sustainable in the short term. I don't doubt George's view that the company has the vision to do very well in the long term, but it can't be worth twice as much now as it was 96 hours ago. Therefore, I sold at 33, with plans to buy back long-term when it settles down. In the interim, I have shorted it a few times between 33 and 35. While I very rarely short stocks, and am loathe to bet against George's insights, the overvaluation seemed too obvious, even to me. Again, I plan to be long on NOPT in the coming months, but only when the prices settle in. Finally, this is not to say that longs should bail if the stock returns to 25 or so. Absent some intervening bad news, I would hold the stock (which I have done successfully with a lot of George's picks). In all likelihood, it will eventually come back around (for instance, after some positive earnings suggestions).

To: RobbRacer who wrote (125)	7/15/1999 11:41:00 PM
From: Li Cai	Read Replies (1) \| Respond to of 708

I believe that only by tolerating different views, long and short, we can ensure objective discussions in the thread. Rob, you do not have to be disappointed, and should not be discouraged by different opinions. It is good to hear different opinions.

To: RobbRacer who wrote (125)	7/15/1999 11:51:00 PM
From: jerryriti	Read Replies (3) \| Respond to of 708

Having sent you a private message highlighting my objections to your post, and explaining in detail why I considered your post rude and inappropriate, I will now state publicly that I am not quarreling with your right to highlight the financial elements underlying this or any stock. It was the nature of the innuendo & disrespect that you showed to George Gilder, a man whose works, advice and thinking you obviously know little about. Whether the stock reaches $40 or retraces to $20 is not the point. Your post about the newsletter remains inappropriate and equal to a literary critic who passes derisive judgement on an author's work having only the most rudimentary awareness of what that work is about. I will not owe you an apology should the stock reach $5 nor will I expect an apology should it reach $55; but, you, sir, most certainly owe George Gilder an apology! That I consider not an opinion but an empirical fact based on the content of the post to which I was responding and my familiarity with the purpose of George Gilder's newsletter. That was the point of my response to your post!