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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE) -- Ignore unavailable to you. Want to Upgrade?

To: Phil Fischer who wrote (7314)	11/4/1997 1:35:00 PM
From: Bald Man from Mars	Respond to of 14577

May be for Mr. Goldman, 15 minutes is long term !!!

To: Phil Fischer who wrote (7314)	11/4/1997 1:50:00 PM
From: Sjp	Read Replies (1) \| Respond to of 14577

Phil, calling hourly stock movement is not a science but more an art. In a situation like this though, movement can be fairly predictable. History does tend to repeat especially with fraulent companies. Long term is the only perspective one could possibly take on this piece 'o crap (or maybe pick up a point over the next couple days). That is the only hope you could possibly have with this pig. Are you holding onto this stock? If you are, with scumbag/fraudulent management, how long term are you willing to go?

To: Phil Fischer who wrote (7314)	11/4/1997 8:56:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 14577

Phil, confidence comes from experience. I dont claim to get them all right but simply extrapolate experiences from the past to predict what might happen in the future. Analysis, whether it be fundamental, technical or derivatives from experience, is what makes it investing and a step above playing black at the roulette table. Nonetheless, skill is this area of trading has what has gotten me where I am. And to think that you should totally ignore short term gyrations in stocks because you are a "long term' investor is misguided. Tech stocks are like linebackers in the NFL. Most arent around for more than 4, 5 years. MSFT and INTC are the execption. Dell was about 13 two years ago, I think. GE, JNJ, MRK, those are long term holdings you buy and forget. S3 is not GE. But if performance matters then I think I was within a 1/4 point of where I said last night I felt the stock would open and what would happen throughout the day. After a while from seeing this kind of crap happen to companies, you get to know how WallStreet reacts which becomes a catch 22 situation. As such, those are the bets I bet. I dont bet the long shots but bet the favorites. Good luck to you. Regards, steve