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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (48291)	6/21/2001 1:23:40 PM
From: Sun Tzu	Respond to of 70976

OT -- Thanks. I've actually had to be at some of Exodus sites when I was rolling out dot-bomb infrastructures. Pulling equipment out of their site is not as simple as a reshelving few books. Regardless, I have no idea if they will survive in the long run. But I do know an extreme panic selling when I see one. EXDS has $1.88/sh cash and is trading below liquidation value. If they are going to be bankrupt, it's not going to happen for another few quarters. In the mean time, it can only rally from here...or so is my theory. GX was an old holding of mine when they were in 30s and I took 2 or 3 point loss on them (one of the better moves I made<g>). But I kept an eye on them just the same. They keep executing their plan and are fairly well funded (not as good as they pretend though). So I see the risks limited there. I may have missed the bottom at LVLT and am debating if the break below 5 and the end of quarter window dressing can push it lower or if I should get my feet wet here. Again, the down side here is well known, but there are a lot of positives I can point out which the market has chosen to ignore. All these buys are based buying at maximum point of pessimism and hoping that some will survive. RS for example published a report 2 days ago saying that based on discounted CF, LVLT is worth ZERO! How can I not buy a stock like that <g> cheers, Sun Tzu