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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Randolph Gwirtzman who wrote (3592)	5/3/1998 7:32:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 21143

Read my paragraph again: "It is desirable but may not be necessary to build a realistic earnings model. My experience with these kind of low priced stocks that develop momentum around a sexy story is that they get ludicrously overpriced on short term prospects." Let me clarify my point. I am possibly the most analytical guy on this thread. Assuming that there is no contract announcement this coming week from which sales could be inferred, I challenge anyone to come up with a defensible range of estimates for the next 5 quarters that justifies even the current price. (Look at your own questions.) This is one of those "pie in the sky" stocks where most of the current and future value is attributable to earnings that would emerge after 5 quarters as a result of announcements that have not occurred yet. This is a "hot" stock and not like the plenty of other low priced stocks I invest in which I analyze to death and have no momentum and no sexy story. You need to understand what you own here. I suspect CCUR will get materially overpriced precisely because it is so hard to figure out exactly what it is worth. Fundamental analysis and reasoning will not get in the way of momentum and the sexy story.