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Technology Stocks : New Dimension Software (DDDDF) -- Ignore unavailable to you. Want to Upgrade?

To: AlaskaBud who wrote (164)	4/23/1998 11:04:00 AM
From: Michael J. Dando	Read Replies (1) \| Respond to of 209

Hi Bud, Thanks for the info on the institutional ownership. It is frustrating, but since many of us are very sure that this is a story stock that is waiting to be discovered, we have to wait. I have been in this thing for three years now. Who knows, maybe I could have made more money elsewhere in that time. But, my cost is under $6 for a very large position, and I really do feel that this thing is headed for at least the $40 to $60 range inside of two years, even if it still trades at a discounted valuation to its peers at that time. I see so many of my friends trying to find the next internet explosion stock, or the next hot anything. The problem with that mentality is that you never get to know, REALLY KNOW, a company. Warren Buffet's name is tossed around the message boards in a way that implies that all of these fly-by-night investors think they really know how Buffet thinks. They don't. He does not simply take a quick look at a company's fundamentals, glance at a chart, then proclaim a stock a screaming buy. He gets in and really kicks the tires, gets to know the company, the managers, the people, the products. By following a company for a few years, and reading the stories, and not just the latest earnings announcement, you get to KNOW the company. Now, Buffet stays away from things like New D, as he has a phobia for companies whose business he does not understand, but his METHODOLOGY can still be applied. From a fundamental basis, New D is grossly undervalued. More importantly, from a standpoint of the developments over the last 6-9 months, which will be reflected in future time periods, the company is grossly undervalued. A time will come within the next year when some of this undervalued condition will be erased, and we will see another strong leg up in the stock. Who knows when that will happen, but I will be on board for the ride. The people at New Dimension have already made me extremely well off, and I intend to let them continue to do so for a long time to come. They may not explode north over a week's time, like KTEL, but the story is such that I can place a high degree of confidence in it, . Anybody who wants to view a report with a fundamental comparison of New Dimension to its peers and the market, go to the web site below: erols.com Later, Mike