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Technology Stocks : Copytele - Another XEROX in future -- Ignore unavailable to you. Want to Upgrade?

To: Rich Goldsmith who wrote (1079)	11/8/1997 12:05:00 PM
From: Ken G	Read Replies (3) \| Respond to of 1320

Rich, Thank you for your answer. I was attempting to put a little friendly pressure on you to allow you to say just what you did. I find it both disconcerting and fascinating that people who are willing to risk good money in a company on the long side, don't seem to have that same sense of self-preservation ("I'm afraid of losing my ass") that most people have that short a stock. Most of us don't seem to actually believe in our hearts that we could also LOA going long too. We seem to just put that reality out of our heads. In that sense, I believe that those who short a stock are far more balanced in the evaluation of the risks involved. If only more of us long investors had that same concern, we probably would do far better. Look at Tim...He is able to change from a raging bear, turn on a dime and then go long. I really admire that kind of investment ability. {Please don't tell him that I said so, it might distort his candor on this thread.} I am becoming more concerned that so many of the bears are finding that at $5/share, they believe COPY to be "grossly overvalued" then at $4/share a major reevaluation of relative worth is perceived; and that not only do they cover their shorts but they instantly reverse and then go long too. What happened to that grey area where COPY is "fairly valued", neither deserving to be longed nor shorted? Good Investing, Ken