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Technology Stocks : Systemsoft Inc. (SYSF) -- Ignore unavailable to you. Want to Upgrade?

To: peter grossman who wrote (3014)	2/7/1998 4:14:00 PM
From: Mark Brophy	Read Replies (2) \| Respond to of 3529

I apologize for my excessive optimism. Clearly, I was hopelessly overoptimistic on August 24, 1997, when I wrote: I expect the SystemSoft stock price to drift down to 4 or 5 in the next 6-12 months. It might even get there sooner during the usual tech stock crash that occurs annually in Sept.-Oct. Like most investors on SI, I don the rose-colored glasses and see only what I want to see. In my defense, I'd like to point out that nobody accused me of hyping the stock and I was closest to the truth. In fact, you wrote that same day at siliconinvestor.com If anyone has some solid evidence that SystemWizard works on a cost benefit basis to its customers, I'd be very interested, because I think the underlying company without the uncertainty and credibility problems is undervalued at these levels, fairly valued with them. Now that the SystemWizard expectations have been dramatically reset, I doubt a real surge in the stock can take place until (read "if") rosy SystemWizard projections are truly earned (3 to 6 months). On the other hand, in the 8 to 10 level, I doubt there's much downside for the same period. For that reason, and because of high premiums due to the report, I think this is a great candidate for covered calls, the position I started on Friday and intend to press. Even your covered calls weren't enough to hedge this sick company.