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

To: Fleck who wrote (8929)	1/24/1998 2:31:00 AM
From: Mike Learner	Read Replies (2) \| Respond to of 14577

Steve Goldman Can invest on WDC with the same law suit nature as S3, but he can not invest on S3!! Interesting!!! Furthermore, he goes on with advising others to stay away from S3!! He encourages others to invest on WDC because he has been taking position and trading on that stock! I bet you if things get roser you will see him coming back and getting everyone excited!! I have nothing against Steve; this is "THE GAME OF WALL STREET"!! If you cann't play, stay on the sideline!! One question from Steve: Explain the difference between these two Law Suits on WDC and S3!! MBrad

To: Fleck who wrote (8929)	1/24/1998 1:16:00 PM
From: Cosmo Kramer	Read Replies (1) \| Respond to of 14577

Sorry you feel that way, but many of the S3 readers respect Steve's opinion.

To: Fleck who wrote (8929)	1/25/1998 1:00:00 PM
From: steve goldman	Respond to of 14577

Fleck, Don't take this the wrong way, but if a stock looks like a duck, acts like a duck and smells like a duck, its a duck. I know that many investors have lost money in S3, but that you have lost money in S3, doesnt mean you should love it anymore than anyother stock. The stock doesn't "owe" you anything. It doesn't know you, doesn't care about you, and it, along with the rest of the Wall Street sharks, will eat your lunch. As I had said at the conference call and after the restatement, this stock has burned analysts one too many times. they and mutual funds will not come running back in anytime to soon without a change in fundamentals. Where does the Co. stand with Faroujda? If you are waiting for S3 to recover and make up for the losses you might have from purchases at higher levels, you might not get it. Normight holders of IFMX, SYBS, IOM, ...you never know... I know many highly acclaimed traders andinvestors who never average down, never buy stocks that make new lows in a good market, that restate, that have deteriorating models etc., and these investors have done well. On the other hand, I know bottom fishers (myself includedin that bunch) that have done great. But there is a distrinction between the two and the person that bought it at higher levels, passively watched it collapsed and is now simply waiting for it to return up 300%. Remember, if one invested in S3 now and sold it at 7 1/2, it would be a 50% return for one and still a 60% loss for the person who paid 18. This stock will be under pressure for quiet a while. New buyers taking profits all the way up (afterall noone expects it to get to 20 or even 10 any time soon). Mutual funds don't regularly touch stocks under 10 let alone stocks under 5. Its more a hedge fund and hold game. If this kind of analysis upsets or bothers those who are long, I apologize. I don't think it would be fair to paint a picture I simply don't agree with. good luck to all, Steve@yamner.com yamner.com