Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Mahatmabenfoo who wrote (3124)	2/26/2002 10:53:41 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

Mr. Kramer, I'm not in IR and I don't get a compensation for my picks. You could have picked any highflyer in FY1999 and ended up with EQUALLY LOSSES. Any ideas ? CORV, FDRY, even carriers like MFNX or MCLD or COVD fared equally bad or even worse. Why would you expect my picks to consitently outperform the general trend of the sectors I liked when I wrote them up ?? On a related note: BKHM ? Never recommended them. NS I bailed out after loosing 25%. On GTSM, well I wrote about them when GTSM was a $0.50 stock. It's down to sub $0.20. So that was a "better" investment than COVD or WCII (which I didn't recommend by the way). All is relative. When your peer group crashes what do you do ? Whether GTSM was or is a scam I cannot judge. I was happy to get out with a small loss. When investing in situation like GTSM it is obviously a very risky play. Not only it was an OTC but it didn'T have revenues. I said that over and over. You are the master of your own fortune on the market. Don't blame others for your own judgement. To me GTSM was just one tiny position. Your appriasal of gTSM I would subscribe to. They didn't live up to their claims. Forget about them.. Obviously timing is everything and if you followed my track a tad closer you might have realized I advocate selling a part of your position each time a stock climbs to news highs. That was a good prescription in the past timeframe of 99-00. You could have got out of LPTHA, POCI etc. with nice gains. Even GSLI (which I think I reco'd at $10 ran to $30 and believe me - not becuase of my recommending it). This "timing" problem is another reason why I always say buying is a science selling an art. Pls. don't blame others but yourself, especially if you had a 3bagger in your hands.. Last but not least - SCCI, you seem to have little clues there. The company might be tiny but they tapped a nice recurring revenue stream which is also contributing to gross profits (Target MAterials division). If their collaboration with Oxford Instruments for nexgen open-hearth machine-cooled MRI pays off then SCCI could surprise many. My initial purchase on SCCI was $9. Then they were relegated to the pinksheets. However the company managed the accounting review/comment process well and subsequently got relisted on the OTC/BB. They are debt free. I bought my last chunk for around $1 and am very confident about their prospects. If you start your litany with "I find interesting how bad now (nearly 2 years later) your stock picks look" then you should add all my other stock picks in all fairness. hope this helps CROSSY

To: Mahatmabenfoo who wrote (3124)	2/26/2002 1:15:14 PM
From: marty009	Read Replies (1) \| Respond to of 37387

Charles, In defense of Crossy....his picks were extremely good on average. I strongly believe his motives were honest and based on research. However, they were based on direction of the market (Fiber optics and related electonics) at that time and a somewhat limited amt. of information available on these small companies. Simply stated, you had to move fast, based on available information at that time, as the market was hot for these issues. It was a speculative market, and much money was made following these stocks ...until the bottom fell out. Unfortunately, many people held these stocks, after it seemed apparent that the bubble had burst. This was an individual decision. I understand your frustration. But, to most of us, Crossy was, and still is a very skilled stock picker.