SI
SI
discoversearch

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.
Technology Stocks : SCO Group (SCOX) -- Ignore unavailable to you. Want to Upgrade?


To: Scott C. Lemon who wrote (166)3/8/2007 5:23:43 PM
From: tonysee200x  Read Replies (1) | Respond to of 239
 
I know more about baseball then I do about the law. I am sure you are correct about the Judge having the final say (or is it really the jury if gets that far).

But I am not convinced that that this is just “a high-risk, long shot investment” that you have no emotion invested in.

>>

Lets see on July 18, 2006 you said…”I am still sitting on thousands of shares of SCOX…I'm now averaged down under $3.50/share”

Message 22635787

Let’s say “thousands” mean 2k. (2000 shares* $3.50 = $7,000)

Now you say you are averaged down to $1.50.

To make the math easy (and ignoring where you say in the post you have “another buy for a few shares at $2.40) lets say you have only bought shares after that post for $1.00.

To average 2000 shared at $3.50 down to $1.50 you would have to buy 8000 shares at $1.00. So by the most conservative of estimates this is a $15,000 investment that has recently more then doubled in size.

(2000 shares * $3.5)+(8000 shares * $1.0)= 10,000 shares at $1.50 or a $15,000 investment.

I have no idea what $15,000 means in your world and I know money is valued differently by different people. But I have a hard time buying into the “it's money that I am fully willing to lose. No biggy” idea. -- Emotion seems to be involved, you appear pretty determined to say you made money on this investment.

>>>

One other note you say “The Novell lawsuit will immediately tell everyone - including me - what the judge thinks about the entire sale and transfer of rights and ownership.” I agree this is a big hurdle for SCO to clear. But it is just one of several hurdles.

Back to baseball, It is like the Sox are down by 5 in the ninth inning. Winning this motion is like they scored a few runs and have men on base. It keeps the game from ending, but it does not mean they are going to win the game.