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Technology Stocks : Wireless Facilities (WFII) -- Ignore unavailable to you. Want to Upgrade?

To: SusanBarrett who wrote (192)	11/20/1999 9:27:00 PM
From: Rupert	Read Replies (1) \| Respond to of 465

RE: "someone out there please convince me to still hold" If you sold now wouldn't you be taking a loss? That's reason enough to hold. I'm always surprised how tolerant a lot of people are of taking losses on stocks...often so they can free up cash to jump on something _else_ they think is going to be hot short term. This is a great receipe for losing money. I don't like losses, so I refuse to tolerate them. IMHO if you buy a stock and you are willing to sell it for less than you paid for it because you don't like that splash of red in your 'folio, you shouldn't be in that stock in the first place. No one likes red in their 'folio, If you only buy the highest quality companies with explosive growth prospects, it doesn't matter if the stock goes down. Buy the business, not the stock. And especially with these IPOs, if you aren't able to tolerate some red in your portfolio, you definitely shouldn't be playing at all. Also, there is a natural tendency to think that any company whose stock is going down must suck, and any company whose stock is going up must be great. Fight this perception. It can lead you into all sorts of loss producintg short term trading. In this market I would never ever ever ever sell a tech stock at a loss. Example: USInternetworking (USIX). IPO. Quality company with strong growth prospects in a sector I believe in. I buy it on the first day trading for $41. Goes to $60 first day. I hold on. Starts going down. Keeps going down over several months. Their first quarterly as a public company isn't so hot. Goes down more. Bottoms out at in mid-teens. My friends start bugging me cos they bought it too. It's gushing red in my 'folio. My biggest loser on paper. And theirs too. Time to bail. No way. In this market you never sell a tech stock at a loss. It's _still_ a quality company with strong growth prospects in a sector I believe in. It's the _stock price_ that sucks, not the company. I bought the business, not the stock. So we all hold. A couple of months later, their next quarterly report is much better, and their sector starts getting more attention. Stock starts to slowly climb and pullback, climb and pullback, but it has recently made a new high about $70. Just some thoughts. What do you think?

To: SusanBarrett who wrote (192)	11/20/1999 10:38:00 PM
From: Sparty	Respond to of 465

Susan, Good evening. A good day indeed - though you are maybe the first person I have met in my life that thinks it good when UofM and MSU both win! As for WFII. I added more on Friday (see my previous posts for more info.) If you are looking for reasons to hold - go look at the charts for VITR and ILUM. Different companies in different industries, but both recent IPOs. ILUM is a profitable, not-sexy company that has risen slowly especially after announcing earnings and getting favorable analyst recommendations. I would expect WFII to act like this. VITR is a non-profitable (more classic IPO in today's terms) that was beat down to $31 and is now at $115 (about a month later.) If you had sold at $31 you'd never forgive yourself. Thanks, Sparty

To: SusanBarrett who wrote (192)	11/21/1999 2:49:00 PM
From: JoF	Read Replies (1) \| Respond to of 465

Susan, <someone out there please convince me to still hold!> Remember one thing, the QP on WFII ends on 11/30. The link below provides you with the underwriters. I think they will have something to say about the company come 11/30. Plus, Tokyo Joe posted Friday on his website that he had picked WFII as his buy for the week. This ought to cause a pop in the stock. I hear he has a large following and his followers are pretty loyal. edgar-online.com Cheers, Jo