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

To: investz who wrote (8441)	12/17/1997 5:55:00 PM
From: Michael	Read Replies (1) \| Respond to of 14577

IMHO April is not far enough out for 12 1/2 calls. Even at 1/16, it would take a small miracle to put you in the money. I am bullish on this stock, but believe it will take time. I think 7 1/2 is not unrealistic by April, but anything higher is very chancey.

To: investz who wrote (8441)	12/17/1997 6:09:00 PM
From: ggda	Read Replies (1) \| Respond to of 14577

Eric I am not a short player. I cannot offer any advice on that matter. I am holding S3 at an average cost of $8.26. I do think that there will be a January effect, but that is not my target period. I am assuming that S3 will once again attain prominence in this segment of the marketplace. Thus, I am planning to reduce my average cost of stocks held to $6 7/8, and hold these equities for at least a year, or until I attain a 50% profit. Should that occur, S3 would be selling at aproximately $12 3/8....still well below its all time high. As stated on this thread before, I am a value investor. I am not adverse to short term profits, but I try to choose stocks that reward me farther out. I tend to buy out of favor stocks with good fundamentals. Especially interesting are companies that have good products, are at least 50% off their highs, have relatively good management, and are taking steps to correct errors. For example, AMD was out of favor at $12-14. We bought there and sold most at $38. A simple rule we use is to check out what way the analysts are swimming, and swim in the other direction. I do not think that I mentioned it here, but I have developed a tracking instument for analyst recommendations vs performance. To date the best performer (+29%) was liked by the most anaylsts and rated as "buy" or "strong buy" by 16 analysts.. An equivalent performer (+30%) was rated as the worst candidate with only 2 buy recommendations. The second most rated stock (14 buys) is currently down 33%. Consequently, there is either no correlation, I do not have enough data, or I am totally wrong in my assumptions. You decide. Perhaps the moral of these comments is to suggest that you, and all investors follow their own recommendations! Regards Jerry