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 : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Steve168 who wrote (17139)	6/2/2003 12:35:19 PM
From: Wallace Rivers	Respond to of 78748

Don't get me wrong, I'm still a bull long term (net long 87%), but I think the market is a bit ahead of itself in the short term. The greed part of the equation very quickly has replaced the fear factor.

To: Steve168 who wrote (17139)	6/2/2003 1:01:18 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78748

I passed on VICL. I don't understand anything about the business so I only have looked cursorily at the numbers as a below-cash play. There's $5/sh in cash. Maybe their burn rate is $1/sh/yr. (annualizing last quarter's $5m loss) So they've got plenty of money maybe to go for four years to come up with some products they can sell or joint-venture. And they have a lot of stuff apparently. So that's all good. OTOH, as a below-cash play, next year they'll have $4 sh/cash declining to maybe $3/sh (??). To me that's not attractive when I looked at the stock price. It was ~$4/sh. Well, stock's at $4.71 now (and topped $5) today, so the market's telling me I might've made the wrong decision here.