To: pat mudge who wrote (9739 ) 5/6/2000 8:30:00 PM From: Dan B. Respond to of 24042
Pat, I don't understand why you would say "GG doesn't claim any responsibility for price and I believe has said so publicly. I find this irresponsible." Why? I have a different point of view. Yes, he's REPEATEDLY said he doesn't do price. Most newsletter writers TRY to be responsible for buy/sell timing decisions... and want us to believe they will be right enough to make money. You could say GG puts more responsibility on OUR shoulders, and asks less blind faith from us simultaneously. I like that. He does welcome us to trust his evaluations of technologies, but while encouraging us to understand them for ourselves at the same time. Other letter writers purely ENCOURAGE us to trust THEIR buy/sell timing decisions. The market is responsible for prices. Gilder has always recommended holding for the very long term. Now THAT'S a simple and respectable timing recommendation, IMO- no matter WHAT he says. When the market responds wildly to Mr. Gilders picks, he could say "don't buy now" but geez...he'd have a lot more PO'd readers for every wrong call than he likely will the way he's set it up. The individual investor is technically ALWAYS solely responsible for his/her price and/or timing decisions, of course. With Mr. Gilder, there is no pretense that he is assuming that responsibility for you. I like that. I think it's truly a highly respectable, honest, and refreshing tact to take. He does technology. Period. Just My Opinion for those who might like another point of view. As for TERN, with a professional short offering a fraudulent sell recommendation here on SI, and business still rapidly improving for them, I don't think that tale is yet told. Time will tell. Re: "When GG was saying Terayon's S-CDMA was a world standard --- and his backing running the stock to 280 --- buyers would have been well advised to find out if that were true. " Of course. Buyers who read his report in fact learned that S-CDMA was not yet a part of DOCSIS. Of course, in light of the fact that he DID include that information, readers knew which legitimate dictionary definition applied to the prior world standard statement. He used "standard" fairly, correctly and fully informed his readers on the matter, IMO. Dan B