To: AJ Berger who wrote (3312 ) 8/8/1998 1:59:00 AM From: Martin E. Frankel Respond to of 44908
Mr. Berger, You are obviously a day-trader and/or a short-term position trader. << Many of the issues coming from the CC are very encouraging LONG TERM, but shorter term, I'm losing patience with this stock, and won't wait for the last day of August to be out the door. It's pretty clear this stock will not give anyone the bang for the buck we ALL once expected when the site opens because of their marketing approach. It will take months for the card distribution to bring enough hits and 800 sales to musiccard call center to be of any consequence without any major marketing expenditures. While longer term, I'll conceed they may fare better than their heavilly marketed, no profit competitors, what does this do for me TODAY, nothing! >> We're all entitled to our own style of investing or trading, however, I have yet to meet very many short-term traders who have done well over the long term. Traders are only interested in momentum plays and the stock du jour. There are others, however, perhaps not so verbal, who take exception to this style and have done rather well (ie.: Peter Lynch, Warren Buffett, etc.). I certainly would have been quite happy to have bought $50,000 worth of Berkshire Hathaway in the mid "60's" and still be holding it today. And, yes, Buffett does buy companies in trouble such as Saloman Bros. and turns them around... but not overnight. Careful planning, the right people, and a turn-around. DD is, IMHO, for long-term investors... and DD is subject to interpretation which many may construe as distortion and bashing or as hyping. We all have to listen and look carefully and make our own decisions... weighing the potential positive and negatives of any investment that we are interested in. I respect the well thought out opinions of all... although not the posters who make snide or disparaging remarks or, for that matter spout gung-ho cheering. I respect those who attempt to provide us with their best efforts at DD... whether I agree with them or not. I, obviously, have made my decision as I look at TSIG as a long-term growth stock in its infancy. But each and everyone should, IMO, evaluate the DD in its entirety along with the poster as well as the poster's trading style and possible motivation. So, Mr. Berger, when you say "what does this do for me TODAY, nothing!" you are possibly correct. On the other hand... what did Warren Buffett do for you today? Happy trading and good fortune. As the old expression goes (and this applies to other posters as well): Let us agree to disagree. Only time will tell who made the right decision. Best always, Marty