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


To: Toby Zidle who wrote (586)6/10/2000 2:24:00 PM
From: Logain Ablar  Read Replies (1) | Respond to of 717
 
Toby:

Here is a link to a post on the SEC guidelines I'd suggest you or any other investor entering a long position on this company and its stock read the SEC documents and the referenced accounting standards.

Message 13850769

To be fair my initial post when the company was in the 80's (and it moved back to the 110 - 120 range before continuing its freefall) and the other post it was @ $28 (where it rebounded from 22ish to 28). It then moved back to $22ish. Yes @ $22 it is a speculative investment.

I don't need to know anything about MSTR. I do know the SEC and FASB. As you read the SEC guidance you'll notice the new items are the questions and answers. Everything else stated by the SEC is a rehash of existing standards.

Its just my opinion that the company knowingly accelerated revenue to meet their targets. This has been confirmed by the national office of their auditors in forcing the company to restate revenue and earnings. The jury is still out on whether MSTR knowingly mistated revenue. We'll let the SEC decide this.

For your information the Big 5 firms all have sections which specialize in accounting policy (most of the major corporations do as well). I'll assume the regional auditors sent an inquiry to the national office which started bringing the issue to light.

I prefer to invest in companies that do not have this cloud over thier head. How can one value a company when you don't know what its actual sales are or what thier growth may be.

My single digit comments were a reference back to the days of IFMX (still in single digits) where it accelerated revenue and reported fictious revenue. (the stock settlement here with the lawsuits might have been over $100M, depends on stock price).

Well, either you do know something about the company if you make a statement like this .. or if, truly, you know nothing about the company, you have no business making this kind of panic statement. Only a short would be panicked this way, and if you short knowing nothing about the company, you deserve what you get.

I'm not short. Never was nor long either. I was just glad someone on the thead posted the fictious accounting transactions while I was doing some dd on the stock.

Good luck with your position.

Tim



To: Toby Zidle who wrote (586)6/13/2000 4:35:00 PM
From: Howard C.  Respond to of 717
 
Hey Toby, how'd it go on the tenth day?



To: Toby Zidle who wrote (586)12/2/2000 11:49:23 AM
From: Logain Ablar  Respond to of 717
 
Toby:

You blased me back in June for warning people to stay away from this company and its stock. We'll the mo mo and new financing investors with the floorless made it almost triple from when I made my comments (who knew the company would be so desperate for financing) but we are back into the single digit range.

You selectively sited some of my comments to blankmind but for some reason excluded this one. Just my opinion but if I was looking to invest I'd look elsewhere and if I was holding I'd sell into any NAZ rebound or short rally covering

Once the NAZ reverses (and it will reverse again) this stock will be back in single digits and lower than its recent $9. Of course in the market we are in many stocks will be visiting the single digits.

Tim