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To: Street Hawk who wrote (3571)11/24/2000 9:09:44 AM
From: Paul A  Respond to of 19633
 
Actually, I understand that STMP and ICGE have no secure floor- not sure why you mentioned that since it wasnt my point.. The only mention I made in that regard is the stock going to 0, but Im not foolish enough to believe that book value actually has any real importance.. especially in a bear market..

I also thank you for the lesson in percentages, however I should hope you also understood the point I was making about investing in a stock that can move 1 point with a lot of effort as opposed to a stock that can move 10 points just because the CEO sneezes.. My main concern when buying a stock or selling it is to put myself in the most desirable position so far as controlling my loses.. I surely dont plan on holding ICGE if it drops below 3.. and if I weight all the possibilities I come up with a more manageable position in ICGE than CSCO wether or not we look at it from a point or percentage perspective..

Points are the only thing that matters to me.. sorry to get an 'f' on this lesson..