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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Eleder2020 who wrote (25559)1/10/2000 6:57:00 PM
From: The Freep  Respond to of 29386
 
Let me see if I can try this, ShamukE (and everyone). I agree with Patrick that this horse is basically dead, by the way. I hope to sum things up here.

I speak only for me, but I think many others will share my sentiments.

We all have questions about why this happened -- the timing, the potential leak, is there or is there not a new revenue recognition policy, are there any Sun revenues at all in q4, and those four are for starters. That said, I expect we will get an answer to all of these at the Conference Call. This management team has been straight with investors since they started, so I can't see how we don't give them the benefit of the doubt in this case, at least until all the FACTS are in. It's easy to blame them on conjecture, but I gotta figure they didn't think 50K of Sun revenue deferred (if that's really what happened) was = almost a million in market cap.

Now, I think the issues with you, ShamukE, are that you are always full of questions, but have never, to my memory, been proactive in trying to solve them. Also, you say that you're a trader with half your position, then you turn around and blame Ancor management for costing you money for not tipping you off about the earning shortage. Are you telling me that the drop-off in Ancor price over the last few weeks told you nothing? Are you saying that the early part of last week's action told you nothing? Heck, I don't understand the market well, but I know the following adages: the trend is your friend and don't fight the tape.

Don't blame management. Blame yourself on that one.

Take the fall and move on. Be pro-active, too. Share some info with others, instead of speculation. And if people here aren't answering to your satisfaction, why lecture them? I guarantee that won't help, even if they're trying to lecture you. Finally, lots of us lost lots of paper value last week. No one's happy about it. But it's over, now, and we all have to move on, learning from this and figuring out how we can prevent it from happening again, if possible. (And this is my advice for everyone who might care to hear it from a Freep, not just for ShamukE.)

Now, onward, sans bicker.

the freep