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Technology Stocks : General Lithography -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (1187)	2/28/2000 11:57:00 PM
From: Andrew Vance	Read Replies (2) \| Respond to of 1305

I also prefer substantial revenue and earnings as a solid foundation for future stock appreciation. But if this were the only thing driving my investments, I would be fully invested in the Dogs of the Dow. I am not engaging in extreme momentum investing since I am not following the momentum. My readers are normally invested prior to the momentum occurring. We hardly ever jump on the train as it leaves the station. we are quietly reading the paper on the train, waiting for it to leave the station. We do not, and I do not invest in unsound prospects and that is the reason we have very few, if any dot com stocks that have no real earnings. We were in an SVGI competitor, BTUI, 3 full days prior to the CNBC segment that created the momentum you speak of. we recognized BTUI as being more undervalued than SVGI and reacted accordingly. We were rewarded for our efforts. We do not chase stocks but we will get into stocks prior to the rest of the momentum herd when we come across a situation that we strongly believe will grab the momentum players into the game. SCON and CDTS were bought at levels that were sustainable such that if the market psychology would have bypassed them, we would still have a decent stock at a respectable price. the fact that psychotic exuberance took over and created this monster is not our fault but we choose to make profits this way. You act as if there were a high degree of risk, when there was not. you cannot fault their technology, you cannot fault the positive implications of the implementation of this technology, and you cannot fault the revenues they can derive as the product transitions from the R&D phase and into the product life cycle. Forward looking vision is not extreme momentum investing. BTW - the above paragraph is exactly why you are falling all over yourself with the prospects of SVGI. You are betting on its future momentum right now and you are essentially guilty of extreme momentum investing here, even though the stock has not performed as you would like so far. SVGI has negative earnings for the trailing 12 months. and in my opinion, based on our research before the market insanity on both SCON and CDTS, I find that these companies have a much sounder foundation for future success than SVGI. AV