SI
SI
discoversearch

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.
Biotech / Medical : Theragenics (TGX) on the up and up -- Ignore unavailable to you. Want to Upgrade?


To: sport who wrote (1028)7/28/1998 11:29:00 AM
From: Ron Kline  Respond to of 1055
 
Woop dee doo:
11-Feb-98 JACOBS MARY CHRISTINE Sold (S)5,000 Common 53.44 $267,200
11-Feb-98 JACOBS MARY CHRISTINE Exercised (M)3,000 Common 5.38
Ron
-



To: sport who wrote (1028)7/28/1998 11:43:00 AM
From: dfloydr  Respond to of 1055
 
To: sport
From: D. Floyd Russell
Tuesday, Jul 28 1998 11:34AM EST
-Preview-

sport
From: D. Floyd Russell
Tuesday, Jul 28 1998 11:33AM EST
-Preview-

Remember sport, the market sets the price and the market is NOT always rational. I have,
many times, seen some fund manager unload a position for who knows what reason ... he
wants to free up cash for some other investment ... a major client is liquidating fund
holdings ... who knows.

And then I have seen traders at funds do what see to be stupid things ... like dump a lot of a
thin stock rather than take the time to negotiate it out. I used to work on wall street and saw
it happen time and again. Once in a while they dumped a stock like THRX, but they had a
cost basis in the stock of 25 cents so even though they trashed the price, they scored big in
their terms.

How about a couple of years ago when Fidelity single handedly did in most of the tech
stocks - dump - dump - dump.... about three months before they took off and went - up -
up - up.

Look at the madness in internet stocks! I used to work with an internet company. Most are
counting on ad revenue as their business model ... sort of like radio stations. Have you or
anyone you know ever looked at an internet ad. Not me. Will advertisers keep paying for
stuff that does not yield a return? For a while, yes. Does this justify the prices people are
paying today? I wonder.

These days we have trend followers by the thousands out there looking for momentum.
When they see it ... up or down ... they pile on. Many do not even bother to find out the
whole name of the company ... all they need is a chart and a ticker symbol and they are in
business. I sat in one such shop about three months ago and watched the gang searching
through daily trading charts. When a promising one popped up, it was a mad race to place
orders ... an hour later the chart turned and they all bailed out. They made some money. Is
that investing? Does any exec control those traders? Do they even read the news tape? It is
a bit mad and I do not believe it contributes to an even market. But as long as it works for
them, they will do it.

Sometimes your view is absolutely right. I got burned $40k twenty years ago when the
execs at Levits furniture just plain lied to our analyst. It happens. But just because a stock
plummets does not make the execs liars. They too can be swirled around by market action.

Enough of that subject.

Interesting to me is the fact that nothing serious has emerged since the collapse in THRX's
price. The market is a big place and no exec can hide everything from the whole world
forever. Yes NASI has received approval for their seeds. That is hardly news. Here THRX
sits at something around half it's recent price. It is still growing like mad. Seeding still
seems the best treatment for most prostate problems. More and more docs are learning how
to do it. No other alternative treatment seems to be looming. We might be looking at a half
price sale opportunity.