To: Don Westermeyer who wrote (5840 ) 7/28/1998 4:57:00 PM From: Sun Tzu Read Replies (3) | Respond to
Since you asked, Montgomery's analyst (Joseph?) has 9/98 est. of $0.41 (dropped by 8 cents since his last forecast) and 12/98 est. of $0.45 (down 2 cents since last update). Mont. is part of IBES network (in my last post I only stated Zack's numbers). Mont's numbers are below others by a wide margin (even below Oppenheimer's). There were also 3 brokrages who declined to identify themselves (for the life of me I can't figure out why you'll make a statement publicly but not want to take credit for it when your livelihood depends on the recognition). These lists are far from comprehensive (DLJ was not there for example) And when it coms to small cap stocks, they also tend to slow most of the times and dead wrong other times. Here is an example:mostly shrugging off TDFX and does not hold a substantial position in it, you cannot really blame them for the stock's performance. After all, they could not have dumped the shares they did not own after the earnings. In fact as I said before, when you look at the minute-by-minute block trades on Jul. 16 you can see a fair amount of buying between 9:40 and 12:40 despite the down trend which was pretty impressive. The key to performance lies in the psychology of the TDFX shareholders as a whole. As I've said before, stock market is the ultimate in democracy. If you expect to win, make sure that your point of view is the one gets the majority vote. You can do this in two ways. The easy way is to change your mind to that of the public (ie follow the trend). For those who like a challange, then you should persuade the majority that your perspective is more realistic than theirs. Don't just lurk in the background; get involved on all the boards you can. Paper losses are real losses.long term everything will be alright, I have this to say. It might. Then again it may not. I've been very active in stock market and I can tell you that "long term" is a highly over rated thing. I prefer "medium term". I've also tried to bring you examples from most long-term-value-investor's heros, namely, Peter Lynch, Michael Price, Jim Roggers, and Warren Buffett to show that you should not interpret their words litterally. Still, you are entitled to your openion so let me present you with a hypothetical senario:get active don't use long term as and excuse for not getting involved with your investment and not doing something about it when you can. I hear people bad mouth shorts on various chat rooms all the time, sometimes quite irrationally. Before you do that, you should at least use the means at your disposal; call your broker and have your shares delivered. This will prevent the shorts to use your shares to lower the value of your investments. Get involved in various chat rooms and try to build rational concensus. Though I can see why you'd want to avoid Yahoo's, but even that one needs to be addressed. Make no mistakes about it. The stock market is as much a democracy, as it is a tactical battle ground. I know of several trading floors in which two books are mandatory reading, the first is Remenecense of a Stock Operator a book that is over 75 years old and still is a great read. The second is an even older book The Art of War by Sun Tzu ;-)Vincent thanks for the info and thanks for your personal comments. Do you know when those options will be open to public and why the delay?
