To: woody who wrote (4964 ) 2/9/1998 3:46:00 PM From: flightlessbird Respond to
Woody: No. not at all. Grandich, in fact, has commented significantly on what many people have misinterpreted by his words. I can completely understand his position for investors that listen to him. Take the original bet off the table is his advice and play on the house money. For many that is helpful in the sense that they have personal needs (i.e., loans/rent/food/etc) that they might want to protect. I think his advice was just precautionary to those individuals. To those that can afford it, his words are still KRY has a very bright future. I haven't sold a share nor does that fit what I seek with this investment. For others that were in when he recommended it at $2.50 or so, taking a 300% profit and pulling just the original bet off the table is a conservative investment device. I have done it in the past with investments that I had question marks on. I have no question marks here, so I leave my money all on the table. Personally, I do however question Peter Grandich's timing of the advice, i.e., during the halt. First, I think he knows that he has contributed to some of the runup and this piece of advice was a momentum killer on a very spirited run. Second, there is a very small part of me that feels perhaps he wanted to get some friends in to this one before the REAL run begins. This was an opportune way to break the price temporarily. I have no way to confirm that and my apologies to Peter Grandich if I am incorrect, but the timing to me was a bit questionable. As I stated though, his opinion towards KRY hasn't changed one bit and his advice was conservative advice directed towards a subset of his followers. Hope that helps.
