To: IRVINESULLY who wrote (393 ) 1/11/1998 7:46:00 PM From: jan_mike Respond to of 3222
Ginny, I get tired, but remain optimistic. The sentiment on SI seems to be stay invested, but fly to value. A trailing P/E of 3 and double , possibly triple digit growth, is value. I am interested in hearing what Mr. Pian say's too. The pieces seem to be in place business-wise, but the word has to spread. The time I talked to Mr. Pian, he mentioned a PR firm among his todo list. Once the combined company shows a few sequential quarters of growth, the price should start climbing. Most of my bucks are in larger issues that I can sell calls for. I collect rent while I wait for them to move up. That takes the edge off, makes money and I feel like I'm doing something writing the calls. Meanwhile, I'm buying puts on the big-time turkeys, AOL, Yahoo, and Amazon.com. I will probably buy some more on these overpriced money eaters and some of the other empty shells that abound in tech/bios. The trend is our friend. I never bought a put 'till last week, and I can't short in my current account configuration, but the trend should be flight from those price jokes for now. The search for solid undervalued growing companies is always a trend. SETO just needs discovered, and to make the usual benchmarks to make people feel comfortable. We are already reporting. Listing would be huge. By the time the rest of the world is convinced, our 50 cent shares will be worth plenty. We (the SETO faithful) would be among the contest leaders, except we had a huge jump the last week of the year, which we seem to be filling. I remain optimistic, until something fundamentally negative occurs. Here's to '98, and our Cheap Asian production costs, Mike