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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (14125)	4/5/2001 3:40:32 PM
From: Crossy	Read Replies (1) \| Respond to of 30051

Zeev, thx for caring about my NEWP position. I don't daytrade or do shortterm trading. I held firm onto my first position on NEWP. But what I do is cost-averaging. I decided to increase my holding significantly yesterday, around $22.25. Of course I'm happy now but this is meaningless to me. NEWP is a bellwether in fiberoptics. They are one of the most aggressives in introducing automation. Price/Sales at 2 and book value around $14.50 are credentials not to be overlooked. "Let the shorter beware ??" Well, it's only fair game that some of the "easy thing shorters" are learning a lesson, too. Whether it's poor people or rich people who get burnt by doing the wrong thing is irrelevant to me. As an investor I certainly don't believe in class warfare. This is not tort law - you make a mistake, you learn from it, next time do it better. Anyway - it'S your decision so be prepared to face the music. No fingerpointing please.. rgrds CROSSY