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Microcap & Penny Stocks : Classic Golf Corporation (CSGC) -- Ignore unavailable to you. Want to Upgrade?

To: Mackie who wrote (540)	5/13/1998 7:35:00 AM
From: Musya	Read Replies (2) \| Respond to of 904

The last one was a disappointment. The last one wasn't a disappointment. It accomplished its goal: to create the tool (tape of the tournament and the FACT itself) to be shown to future sponsors and to make any future tourneys possible. The glitches with scheduling were very understandable, IMO. Expectations of Tiger and other players to participate were simply unwarranted. The disappointment was the result of too much hype (partually overspill from BAAT due to the same thread participants), and not the result of company's wrongdoing. Even after all this (the rise and the drop), and after accusing the company in releasing news about players before the agreement was cut in stone, even now, people are screaming and crying: "Give us the news". Like kids. The news should be released by the company when it (the company) thinks this is the appropriate time to do so, not earlier or later. Trying to put pressure on CEO to release the news is foolish, IMO. The confidence of LONG TERM investors will not be shaken by the delay of a week or a month. And the confidence of SHORT term traders is of no concern to the company. I am not blaming SHORT term investors and traders in anything - it takes all kinds to make the market. I just want to say that the Company does not give a damn if the short termers gain or loose. Becides, I noticed lately that there is a very interesting definition of LONG term investor here in the BB stocks. A guy (or gall) starts to call himself/herself LONG if he/she bought, say, at .60, and the price is now at .20. The deeper the price falls, the more "O" they put in the word "LOOOONG" when signing their posts. To me is tells one thing: they were not long at all. They jumped at the momentum play and were caught in the downdraft. They hoped for a fast SHORT TERM gain and misses. Now they are calling themselves "LONG." I always thought that the long term investor studies the company, decides to take it, looks at the chart, finds good entry point WITH A LOCALLY LOW PRICE, and then holds on (if the fundumentals do not change). Investor who looks at the chart and reacts to momentum play is NOT an LONG TERM investor. He is trying to daytrade the momentum play. There is nothing wrong with it, we all here to make money in any legal way, but this is NOT LONG TERM INVESTMENT. JMHO. Musya