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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: jpcard who wrote (12086)	12/22/1999 5:59:00 PM
From: Christiaan McDonald	Respond to of 21143

We have always been public with our strategy and sometimes we mention that we are buying. So by watching the orders pop up under Level II you can pretty much figure out who is buying. You can't be positive of course but you have a pretty good idea. On an exit strategy, initially when the stock got above $10 it became about 85% of our entire portfolio so it was too much risk even for me, thus we sold some between $10 and $14 until we got it down to where it is right now, which is slightly over 40% of our portfolio. It should be noted that in reducing it from about 85% to about 40% we got more than 3 times our initial investment back in cash. The remaining CCUR that we have (40% of our portfolio)? We just are not sure where we are going to exit. We sometimes get irritated like ENOTS does and we just want to dump and walk away. But better sense always prevails because we think this stock has a ways to go yet. Half of what we have left, which is a pretty good chunk, is in my private corporation and thus could be subjected to double taxation, corporate and personal income taxes. The other half is in our non taxable profit sharing trust (employee retirement plan) owned by me and my children. In summary, I guess you can deduce from the rambling above that we just don't have a firm exit strategy because we are still not sure what the real potential of this stock is yet. I don't mind leaving some on the table but I don't want to sell and see the stock go to $40 or more, which is very possible. Ken