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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: Carpe per Diem who wrote (7369)	3/3/2000 12:53:00 PM
From: JSwanson	Respond to of 10309

If that's the game they are playing they have just mercilessly slaughtered investors who bought in high and are now bailing the ship. Unfortunately that is the game managers have to play because today investors measure long-term investments in weeks not years. It is a fact. No manager, having a sense of right and wrong, would tell the investing public that he expects to hit the high range of plan. Prudence, along with our litigious society and impatient investing community, guarantees that a manager is going to guide investors with a number he/she feels highly confident in achieving. For example, XYZ's business plan may project a mean revenue growth rate of 50% but have a standard deviation of 15%. Rather than say XYZ has a 50/50 chance of 50% revenue growth, XYZ would rightly want to indicated that it was comfortable with a 30% (a 91% probability) growth in revenue. As for those taking a bath, no one is forcing investors to bail right now. Those who bought in the 60's and are selling right now, they are creating their own losses. I first bought WIND in October 1997. I endured 1998 with sideways performance and I could have easily sold at a substantial loss in early 1999 when the stock tanked. Instead, I believed in the business prospects and added all along the way. I have been rewarded and WIND now represents almost 20% of my portfolio. I will only sell my position when I no longer believe that WIND will be substantially higher in 5 years. The sheep who bought at 60 and are selling now have no one to blame for their losses but themselves. I'll take the WIND's proven and prudent management team and products, my excellent returns from holding WIND and the "exploding market." Those selling now can go and find another mo-mo stock to play.