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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: janski who wrote (13608)	1/14/1998 11:10:00 AM
From: Bradley W. Price	Respond to of 29386

<The question you should ask yourself is how much smaller they can get. ZERO is the number for Ancor. > As Steve so eloquently stated - make your own decision. Risk/reward is a very individual matter, and I completely understand the risks in relation to my investments. In fact, that is why I am not an investment advisor - I doubt many people would be comfortable with my strategy. I fail to understand why you are hanging around here if you think this is such a risky investment. <How long has it been since you put the money in that hole? A year, two years?> Apr 96 <What would it be worth if you put that same money at the time in any of the companies you mentioned?> I don't know - maybe a double on MSFT, loss on IBM and hold steady on GM. I am not that interested in looking up the chart. However, the point is that Ed was elaborating on how great a company MSFT is, and how somebody with $100k should invest in MSFT today. I think this is the mistake most of Kerry, and Steve's detractors make. I look at MSFT and I see a company valued at $158 BILLION. I can't think of very many things in the world with that kind of implicit value. I wouldn't invest my money there, no matter how well managed it is, and I would caution novice investors not to follow the siren song sung by Ed. I am sure he means well, I just disagree with him. I see very little potential for appreciation in MSFT. I am looking, as I think Kerry and Steve are, for companies that are well managed in fast-growing markets with great potential for appreciation. Note I said potential - potential is not always realized and there arises risk. (One note, I think ANCR was well-managed in 96 under the O'Hara regime although I believe they are even better managed today!). ANCR has a market cap of $60M. Under even the most reasonable scenarios, I am going to make a ton of money. Brocade is not going to get all the business, neither is ANCR. I realize there are a lot of people sitting on loss positions in this company. What I see on this board is more emotion than logic as a result. If you allow emotion to color your decisions, you don't belong in microcaps. Furthermore, I see lots of accusations of Kerry being the Pide Pipper (sp?) leading us all astray. That is hardly the case, however, over the last 2 years, I have developed a lot of respect for his opinion as I have for Steve and Craig S. and MF MOM (good looks and an IQ in the 200+ range!) to name a few. Just because anyone here doesn't agree is not adequate justification for the personal attacks against him and others that are common. I, for one, look forward to the day when we can interact online with courtesy and respect even though we may have differing opinions. Tks, bp