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

To: Brian E who wrote (98)	4/9/1998 8:40:00 PM
From: Laptev	Read Replies (1) \| Respond to of 377

>>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. Ummm just so you know... if you have your stop at 22 and bad news is announced after the close. Your stop will get filled at the open the next day. For example - stock drops to $24 during the day. (of course...) bad news comes out after the close - and it slides through your stop overnight down to an open of $11 the next day - you will get $11 - not $22. Only protective puts will protect you from this scenario. Just wanted to make sure you realize this. Good luck!

To: Brian E who wrote (98)	4/12/1998 9:47:00 AM
From: Gokhan Gezmisoglu	Respond to of 377

> 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? I do not value stocks in a vacuum. I think every stock is overvalued or undervalued compared to another stock. In this case I thought CNCX was undervalued compared to ELNK and MSPG. So I went long CNCX (~18) and short MSPG(~62). If the Internet sector tanks, I think MSPG will fare worse than CNCX, if the sector rallies than CNCX should be better off than MSPG. I am just trying to protect myself against sector moves. Do not misunderstand me, I am extremely bullish on CNCX but I am not sure if it will be going anywhere until "35 next week", "run CNCX run" people leave the stock. The reason is everyone has their stops in place so when the stock tanks, it tanks big. (actually my target is much higher than 35, given that MSPG will stay at its current levels) I hope I did not offend anyone. The above are JMHOs. I have been wrong before. regards, Gokhan