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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: MulhollandDrive who wrote (27646)	2/3/1998 11:35:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 33268

With the market at these levels, "conservative" most definitely DOES NOT mean well known companies with good track records. GE is probably an awful investment at the current price. To me a conservative investment is one for which a) I can be reasonably certain what the underlying asset or business is worth and b) trades at a discount to that value. These are few and far between - and RACE certainly never fell into this category because it violated the first rule - we all thought we knew what Be There was worth, but it has now been proven that we weren't even close. There is something to learn from that next time we see a Data Race. When I find one that honestly fits those two criteria, I do not diversify. Currently I have half my portfolio in a Florida real estate company called St. Joe Corp. The ticker's SJP - it is about as different from RACE as you can get. I learned lessons from RACE - I bought it near the top and fortunately came to my senses before I had lost too much. I had read the financials diligently, but somehow only saw what I wanted to see. If the only lesson learned on this thread is that "an aggressive short interest" was to blame, then there are going to be many many more opportunities for those evil shorts to make money at your expense. There are very real reasons why RACE is trading for $2. Blaming the shorts is like blaming "the longs" for the price Microsoft trades at.