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Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?


To: Paul M. who wrote (695)2/26/1998 1:30:00 PM
From: N. Dixon  Read Replies (1) | Respond to of 50364
 
Paul,

I agree that for you and me the risk is no longer great, but I feel responsible for my little gang of investors, which include nurses, UPS delivery guy, catering lady at work, word processors---people who need to no that there are NO sure things. Having said that I think anyone is crazy not to risk $950 for the tremendous upside potential but to these folks that is a huge amount of money and I don't want to see them end up like a priest friend of mine who, in order to get enough shares to leave a legacy for his parish, has been using margin to average up. He just gets killed by these swings and has only 1/3 of what his original position was.

Please don't misinterpret my statement as having any doubt about the outcome for this stock. It's just that when you work in a job that will never make you rich, you might get overly enthusiastic and run up margin or use the "emergency" money. So that's why I included that caveat.

As for me, I follow the advice of an old family friend, Chuck Yeager and "push the outside of the envelope." But Chuck sure did HIS due diligence before going into the "wild blue yonder"!

ND