Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: Maurice S. Green who wrote (1176)	3/31/1998 7:09:00 PM
From: Noblesse Oblige	Respond to of 3247

Hi Maurice, You have noted: "I have bought, held, sold , etc TFS many times and usually made nice profits. Right now I own shares bought 3/25/97 showing a 44% profit. Shares of 4/8/97 show 38% gain, 5/29/97 show 42% Not too shabby for approx one year. Shares bought 3/12/98 are down 13%, but I think will be profitable about a month from now." Well Maurice, congratulations on your efficacious "timing." However, your own talents notwithstanding, how does this have anything to do with the fact that TFS senior management (and the Board, of course) have actually lost money for their shareholders in the five best historical years ever logged in the U.S. markets? Fact: anyone that is a long term investor and has held this stock since the end of 1992 has not only received no income on his investment...he also has a capital loss. So, it isn't merely lost opportunity, Maurice. The collective shareholder ledger is written entirely in red ink. While I am delighted for you that your net worth has increased by virtue of your own perspicacity, you should certainly be respectful of those who have expected management to carry some of the load. To date, where is the "beef"?

To: Maurice S. Green who wrote (1176)	3/31/1998 7:40:00 PM
From: John Morelli	Respond to of 3247

I too have succeeded in generating an attractive return on my TFS investment by timing my purchases and sales. However, market timing is not my preferred approach to achieving satisfactory returns for obvious reasons (its not a proven technique according to most investment research I have seen). Over a period of five years, for those of us who prefer to buy and hold, I would certainly expect TFS to exceed the market by a good margin. Management should be held accountable for poor returns. Should they not?