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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: frankw1900 who wrote (4271)	4/23/2002 8:30:07 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

I only said the optical plays have put in major bottoms. That doesn't mean one buys them now. Let's say you buy at the bottom and the stock sits in a base for a long time. You don't lose any money, but neither do you make much. An investment story must be developing. One has to already have the concept well studied when a given stock's story starts developing. That way you're prepared psychologically to enter on a break out. Identifying a bottom only has that value. Selling at a major top or buying at a major bottom are two poor ways to try to succeed. Doing so ends up costing more than it gains.

To: frankw1900 who wrote (4271)	4/23/2002 10:59:10 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

PHTN isn't my kind of play. I know the Chairman, Floyd Kwamme. He gave me a personal showing of AAPL's Lisa in 1982 at the first public demo to institutional money managers at Apple's HQ. He was a green salesman even though he had a background from Stanford and IBM. Still, he wanted to get into something new, young, exciting and happening. That was the Lisa. It blew me away. Being chairman there isn't Floyd's bag. Probably he's there at the legal behest of Perko. He's a great guy and very capable with remarkable political potential, but running PHTN is only a nominal role. Floyd didn't last long at AAPL, not that that shows much. Working with Jobs can be a major headache even to this day. That's one thing that silly inaccurate film, "The Pirates of Silicon Valley", had right. They portrayed Jobs as he really is. Floyd blew out of there and became a lot more by staying away from the reins of a lot of Apple-like "deals" coming through. PHTN is too low tech for me and Floyd. It's low and slow with low risk. If you're going to take risk, take it, don't get Fleckensteinish.