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Technology Stocks : Concentric Network Corporation (CNCX) -- Ignore unavailable to you. Want to Upgrade?

To: Gokhan Gezmisoglu who wrote (95)	4/9/1998 6:57:00 PM
From: Brian E	Read Replies (2) \| Respond to of 377

<<Brian is expecting 35 by next week. That is around a 30% increase from today's levels. If that is not "irrational exuberance" I do not know what is.>> You're probably right. That kind of a jump is unlikely, yet I do see CNCX moving nicely over the next couple of weeks. I try (and sometimes fail) to time volatile stocks which I believe to have a feasible opportunity of moving 20% in less than a month. There isn't room for conservatism when it comes to tech stocks. I feel that my views are simply optimistic, and I didn't expect to get berated by someone else who is long CNCX. <<I am long CNCX (and short MSPG as a hedge) because compared to valuations of MSPG and ELNK, CNCX is undervalued.>> I would hardly consider shorting a competitor to be a good hedging strategy! To me, that's just limiting your profit potential. I buy net stocks because I can bear the risk, not because they're safe investments. I use protective puts if I want to lock in a profit range (although that doesn't apply to this stock). My point is, what happens to your gain if both CNCX and MSPG go up? <<Folks like Brian also hold "weak hands" and are shaken out easily by Market Makers because they have their stops in place.>> Of course I have a stop on this stock. I hope that you do too. I have a stop at 22, which I have not moved up since I bought this stock. I would call that smart investing, not a "weak hand". If CNCX were to release bad news and slide back to 10 or 15, I'll simply buy some shares back with the revenue from my stop. I'd much rather do that then hold the entire way down. Like I've said, I like this stock in the near-term. The chart looks favorable for a bounce up after a few more days of relative stagnation. Also, notice that volume has been 500K+ for several consecutive days, so we may see some new buyers over the course of the next few weeks. Good luck, Brian