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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: StaggerLee who wrote (5891)	8/7/1999 6:42:00 AM
From: whitephosphorus	Respond to of 13157

Don't focus on daily price fluctuations THINK LIKE A VENTURE CAPITALIST - It is difficult not to become distracted by daily movements in these stocks. We have found it is particularly difficult to use absolute or relative valuation metrics as a tool to pick near-term bottoms and tops. Instead, we try to remain somewhat disciplined about accumulating stocks based on improving fundamentals. When making an initial private investment, the more important criteria are size of opportunity, strategy, and management. Between first and subsequent private rounds of investment, valuation remains less important than relative progress in making good, long-term venture judgements. In the end, a few big winners, private or public, can make up for lots of losers.