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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?


To: Terry D. Voss who wrote (27644)2/3/1998 2:23:00 PM
From: James Clarke  Read Replies (1) | Respond to of 33268
 
With all due respect, anybody who put their entire life savings into a stock as risky as Data Race was asking for trouble. What really made me nervous the more I learned about this stock was how seldom I heard the word RISK mentioned. I learned a lesson from this stock, and now I am back to my normal conservative style of investing. I think Ben Graham said it best - the first rule of making money is not to lose it.

And, yes, I have taken stocks down to zero too - but as part of a somewhat diversified portfolio.



To: Terry D. Voss who wrote (27644)2/4/1998 11:22:00 AM
From: Chi Pan  Read Replies (1) | Respond to of 33268
 
Terry, one make investment decision only base on his/her ability to endure the risk. RACE is a very risky stock from the very beginning. It can be a 100 dollar stock or a 5 dollar stock. While I think it is unfortunate that you put so much into such a risky stock, I think it is very important to let you know that investment is not gamble. Because here you have a good possibility to loss it all.

You said we just said to give up RACE with ease. I can't agree with that. I have a lot of friends and relatives bought RACE with me. I feel so hard to open my mouth to tell them to sell RACE with a loss. But if I think it is not worth it, I would like to let my friends know it. BTW, I stopped out at 5 3/4 instead of teens. :-((((((((

After all, I hope I never know RACE at all. At the same time, I am happy that after the RACE lesson, I really get serious about investing and developed a nice trading method my own to beat the market. I hope you too can think about it and get something out of this RACE crash.