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Technology Stocks : U.S. Digital Communications (USDI) -- Ignore unavailable to you. Want to Upgrade?


To: Curbstone who wrote (173)6/1/1998 3:52:00 AM
From: Phil Jacobson  Read Replies (1) | Respond to of 308
 
Mike,

Sorry, I edited my note at the last minute - you probably missed the change. I thought you were another guy named Amigo Mike.

My USDI experience is similar to yours but I did get in at 7/8 (but pretty light), bought more at 2, then did a buy/sell dance between 3 and 4 where I generally came in on the wrong end...because with stocks like this there are no fundamentals on which to hang your hat when it starts diving.

I'm content with what I made off this and consider myself lucky this time. There's others where I'm not so lucky. So, like most gambling games you win some you lose some. Sometimes it's fun to pretend the stock market is a casino but right now I'm trying to use it more traditionally. Focus is on fundamental stories like APCO. All the gain, just some of the pain, and the courage to hang tough through the dips because the company has the numbers.

Phil