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Microcap & Penny Stocks : PixTech (PIXT) Field Emission Displays -- Ignore unavailable to you. Want to Upgrade?

To: Stephanie Boston who wrote (93)	4/2/1998 2:25:00 PM
From: Jim Kay	Respond to of 213

Why would the kaufman fund invest big time in pixt unless it had a ways to go yet!!! I'm hanging on to my shares ...

To: Stephanie Boston who wrote (93)	4/2/1998 3:00:00 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 213

Did your broker tell you to buy PIXT in the first place? Selling 1/2 is an old time axiom... If you are going to trade, I suggest a Technical Analysis package. Jim

To: Stephanie Boston who wrote (93)	4/3/1998 2:39:00 AM
From: greg nus	Read Replies (2) \| Respond to of 213

Stephanie Boston, The answer to you question requires add information about your investment goals, objectives, investment time horizon ect. First ask yourself Who's interest is he serving?: Any hustling broker would have an alarm set to go off anytime on of his clients investment hit 100%, followed with a call recommending it's time to sell half your position. This is a safe bet for him. If he was responsible for getting you into the stock, getting you to sell gives him the following. 1.) An "A" plus pat on the head from you because after the sell you have half the shares left with zero investment cost. 2.) He gets a "A" plus from his manager because he generated a commission on the sale. Now ask yourself this question. What is magical about 100%? Was it your predetermined goal? One of your goals is probable to have your money grow. So ask yourself why do you want to stop the growth process? Here is what I learned working for the Mellon Family (Mellon Bank). If you make the correct investment you almost never need to sell it. One of the reasons Mellon became so wealth is they made good investment and almost never sold them. Selling a profitable investment creates another problem. Taxes. What will your Tax liability be? If your investment is held in a tax deferred account such as an IRA. You can ignore this question. Second problem selling creates is...What to do with the money? Prudent reinvestment would be required. What investment replacement recommendation did your Broker make? Does the investment have a performance record equal to PIXT ie 100%? In theory it would have to be better to induce you to sell. Ask yourself what was the reason for buying the stock to begin with? Unless that reason has changed, or the company gives you a reason to sell, why sell? As far as I know the company has now given me a reason to sell. I say this in view of the Lehman Bros. change in recommendation for PIXT. Here is what I do know. PIXT is close QTR3 and QTR4 to recognizing revenue from the sale of product. It is transitioning from R&D to Production. This is when you start making money. Pixt faces many risk and they are no guaranties. If you want guaranties put your money in the Bank @ 4%. You can judge PIXT potential it has already increased 100% since you bought it. Unelss you borrowed the money on your credit card to puy PIXT that would be a good reason to sell, but only if you repaid the debt, and had the money to pay the taxes on the sale. I can slao tell you there are two guys who run the Kaufman Fund...Hans Ulich and Lawrence Ariana, I hope I spelled there names correctly. I have the highest repspect for their investment prowless. They are two of the sharpest Cookies on Wall Street. The Funds they manage consistently get Morningstars highest ratings. Well the Kaufman just paid more to buy their 1 million shares that you did. Call Hans Ulich in New York and ask him if he wants to sell PIXT just after buying. The rate of return on their investment in one week is close to 100%. They are the smart money! Follow the smart money! Ask your Broker how many shares he ownes, or his company. Do they have their money where their mouth is? Kaufman fund now ownes 1.7 million shares. This fact should help you sleep at night if your having trouble sleeping worrying about your investment. Personally I have no intention of selling any of my shares. I covet them as dearly as I do my shares in Microsoft. Long term PIXT has the same potential as microsoft. Suggest you read Peter Lynch "Beating the Street" in his book Lynch states the biggest mistakes he made managing the Magellen Fund was selling way too soon. He is adamite about hold a minium of five years or longer. Disipline. Its hard to do when you have a broker calling you. That is one reason why I don't have a broker. In fact if and when you do sell do it with an on line broker where you don't have to pay more than $20.00 bucks commission. From what you described in your post you sound like your investment stratedgy is shrot term trading. Sell now buy back later at better prices. All that does is generate commissions and tax liability. Both of which violate the first rule of investment preservation of capital. Good luck with your decision. Feel free to keep in touch.