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To: Ian@SI who wrote (1938)10/5/1999 11:23:00 PM
From: SJS  Read Replies (2) | Respond to of 3661
 
Ian,

Hmmm. If you're long you want the stock to go up. That's how the game is played if you're "long".

The second option is, agreeably, true as well.

However, there is a difference in trading vs investing. I make trades that I hope go up to then become LT investments. This then "proves" to me it deserves to be so. I don't like making an trade that turns into a loser this early.

I believe in the philosophy of "velocity of money". Unchecked, it may take the very bright minds of the "market" a very long time to come to the rescue for brilliant, but underwater prospects. So...my money stagnates, which isn't acceptable to me.

I think you know that I am not whining about the downturn. I just thought you might have insight into what's recently holding this company back when other are moving forward.

Finally, I can easily sell my stake and move it to a company like JDSU or SDLI or ETEK or dozens of others that exhibit upside momentum. That's always an option, but not my point (I already own many of these....). I was looking for your non-TA view of the reasons we're not now at 15, and what it will take to get us back there, or higher.

Steve