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Technology Stocks : Tricord Systems (TRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (731)	11/10/1999 8:30:00 PM
From: Stu Bishop	Read Replies (1) \| Respond to of 773

Andrew, I also took my initial position in 95 at around $4. Then I later doubled down at $2 for an average cost of $3. I sold earlier this week for 100% gain, and I feel very fortunate to have gotten that. Without any news, I can only think that this rise is purely technical in nature. Trends, once in place, tend to perpetuate. People want to own rising stocks, so the buying drives the price ever higher. How high will this stock go on technicals alone? They have no commercially available product. They have no customers. And they have no revenue. They were almost dumped by NASDAQ a while back. They are draining their cash to keep the doors open, and might not still be in business if not for the private placements they got from the newcomers. What's worse, this company doesn't tell us anything. They put out a press release about twice a year that says "we're still working ...". I remember late in 97 or very early in 98 when they predicted contract announcements next fall. Anyone else remember that? They're a year late so far! Either there's some great news leaking out, or this is a great selling opportunity. There are many, many higher quality investments around, with much better communication and visibility. With TRCD, I don't have a clue. Even if they announce some contracts, and begin to have a revenue stream again, watch out. Right now there's no tangible way to value this company's stock, only hope and prayer. When they have "something", the stock might actually fall from here. Compare to Iomega: Iomega: Revenue per share = $5.91 Earnings per share = -$0.38 Book value per share = $1.39 Tricord: Revenue per share = $0.13 Earnings per share = -$0.25 Book value per share = $0.17 Tricord's shares are nearly twice Iomega's! I'm not short the stock, and I'm not trying to influence you. Just giving my perspective. Best of luck to all. SPB