Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : MicroStrategy Inc. (MSTR) -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (432)	3/20/2000 12:20:00 PM
From: 10K a day	Read Replies (1) \| Respond to of 717

- oh man.....

To: Beltropolis Boy who wrote (432)	3/20/2000 1:50:00 PM
From: LTK007	Respond to of 717

<<yo, Turs: in NotNeiderhoffer parlance, is dis another one of them infamous intraday two-fer-one splits?>> that is what i thought it was when i first saw a quote running running running across the CNBC screen this morning,it was at 113---so i check and see it was 226 on friday,and i say,ah it is just a split:) they better get that ticker straight:) LOL! PAXMAX

To: Beltropolis Boy who wrote (432)	3/20/2000 4:24:00 PM
From: Turs	Read Replies (3) \| Respond to of 717

Boy does this feel GOOD! I had given up on my April puts that were bought in late January. But last week, after watching the stock triple in two months, I just couldn't stand it anymore and I bought some more puts (July 175). Made 9-fold on my money today! I just can't believe how many people were enamored of this thing. Moreover, the message being communicated by the company and the press is that it's just a revenue recognition thing related to timing. THAT'S NOT THE BIG DEAL. The big deal is whether the revenue is legitimate at all. Swapping floppy disks shouldn't count as revenue and certainly shouldn't be valued as highly. Either way, we all knew it was just a matter of time before MSTR couldn't get some sap to enter into one of these arrangements at the end of the quarter so the company could make its numbers. I'm surprised they didn't cite Y2K as a culprit! Congratulations to all who were patient with this hollow POS. Cash in and go buy yourself something nice. QUESTION OF THE DAY: Does the stock keep falling or is it done? I think it's probably worth no more than 10-15X revs and there isn't a helluva lot of confidence as to what those revs are. But my stab is that revs this year won't exceed $225m, making proper valuation about $2.5 to 3 billion, or about $50/share. NO ONE will want to get involved with it so it's going to get painfully oversold as well. Any one else have thoughts? Turs

To: Beltropolis Boy who wrote (432)	3/20/2000 11:27:00 PM
From: NotNeiderhoffer	Read Replies (5) \| Respond to of 717

NotNeiderhoffer Announces 100 Million Beenz Donation To Eradicate Accounting Illiteracy NEW YORK-(Reuters) Declaring that "Aggressive accounting is the scourge of the New Economy" the mercurial money manager emerged from his bear cave after what must have seemed like endless weeks of underperforming the Russell 2000 because of what was until recently a relentless ramp in MSTR's stock. "During the christmas shopping season I accumulated a large stash of Beenz. Hoping to put them to better use than the thousands of pennies that sit on my sock drawer, I have decided to donate the Beenz to a worthy cause" declared the man who had previously not been known for philanthropic activities. "Thus, in conjuction with the Becker CPA Review, I have decided to open a nationwide network of campuses dedicated to teaching accounting principles to the masses" going on to say that "I would like to extend this offer to Jeff Wrona and all the employees of Pilgrim Baxter, who should not hang their heads low because their YTD numbers are still better than mine." "While I do not know exactly how many campuses we can open for 100 million Beenz, I think it will buy more brick and mortar than 100 million Yen or 100 million Lira ever could. And while I do not pretend to think that this donation will reverse the carnage caused by today's decline, it should be considered an olive branch that will begin to soften the animosity we have recently witnessed between value and growth investors, and might help bridge the widening gulf that has developed between main street and wall street" he concluded. Co-sponsors beenz.com beckercpa.com