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Technology Stocks : CyberGuard Corp. (CYBG) -- Ignore unavailable to you. Want to Upgrade?

To: DStandish who wrote (2011)	8/24/1998 3:09:00 PM
From: okey	Respond to of 2616

You guys just don't get it! Wexler isn't lucky...he knew, like you there were no earnings and management was incapable. You were just not listening. You wouldn't allow yourself to listen....now learn from it..... To: Bill Wexler (1808 ) From: Bill Wexler Tuesday, Jul 28 1998 4:38PM ET Reply # of 2011 The Cyberguard fraud resumes its price collapse Despite a new round of hype from shills and inept management, Cyberguard continues to decay as insiders unload more worthless paper on their victims. Cyberguard has never delivered earnings to its shareholders. Amateur investors keep pinning their hopes on CYBG's "technical superiority" and "new businesses". Unfortunately, CYBG management is incapable of running a taco stand...much less a high-tech company in a highly competitive niche market. There is no reason to buy or hold CYBG's grossly overvalued shares. CYBG will eventually, and inevitably, trade in the low single digits.

To: DStandish who wrote (2011)	8/24/1998 3:19:00 PM
From: Rajiv	Respond to of 2616

I assume Wexler, Suess, et al., were selling short and trying to drive the price down. I doubt they had any interest in whether we make or lose money. They got lucky on this one. This is the third stock I have had tank in the last six months. The other two are still in the tank, drifting toward being worthless. From the comment that the short-sellers were lucky, it is obvious that you have not learnt anything from your experience. My advice to you - Sell CYBG and all small-cap stocks in your portfolio. Put your money in mutual funds. Regards. Rajiv

To: DStandish who wrote (2011)	8/24/1998 3:26:00 PM
From: CatLady	Read Replies (1) \| Respond to of 2616

CyberGuard is currently seeking an additional source of capital for the Company's operations. Slow payments from customers (principally Asian) and the recent events described above have placed significant pressures on the Company's liquidity. The above paragraph from todays news tells me that there is still very significant risk in holding CYBG long.

To: DStandish who wrote (2011)	8/24/1998 4:03:00 PM
From: Bald Man from Mars	Respond to of 2616

<< The question I have is where do you go from here? This is the third stock I have had tank in the last six months. The other two are still in the tank, drifting toward being worthless. Is that the most likely scenario here? Or, does the company have a good chance to rebound? Maybe not to what we had hoped originally but at least to where the losses would be bearable. >> I suggest that you contact fiberman, I think he can help you out ...

To: DStandish who wrote (2011)	8/24/1998 4:10:00 PM
From: uu	Read Replies (3) \| Respond to of 2616

DStandish: Here is what I can tell (but please note this comes from someone who has lost a great deal of money on this stock not only on paper but in actuality since I sold half of my shares early this morning at $1.7 1 or so). The reason I sold my half was simply based on the statement that the company faces liquidity problems and there is a possibility that negotiations with new investors "may" fail based on their bookings. If this ends up being the case this stock will most likely become a penny stock at best. However the company does have a great line of products. It is superior to many of its compettitors. Like I said we use it very widely throught the company (and I do work for a major large corporation). So the company does have something to offer. The problem is their business execution, and at this time and with the credebility that the company lacks I have no idea how they can possibly turn the corner. Right now a lot of panicing is going on and the stock is under tremendous selling pressure. At some point this panic mode will settle down and the price will have a base. Exactly what the base will be no one knows since everything is run based on emotion at this point. I believe there is a great chance for Nasdaq to suspend the trading of CYBG (if their net assets fall below the required $30 million - although I am not sure exactly about the $30 million and it could be a little more or less). The stock will then be moved to the pink sheet OTC bulletin board where not much exposure is given to it. Most likely more panicing will go on at that time. My personal reason for selling only half and not all my shares was purely based on tax write off purposes. It is not my investment style to sell at any cost unless I gain from it. Like I said in my past 2 experiences I did a lot of averaging down (and going through a lot of agony emotionally) before I sold my shares with a significant gain. And I do not see CYBG to be any different. These companies do come back up "eventually" regardless of how bad their management might be. My only concern at this time is company's lack of cash. The company has solid products and my being long on the stock is simply based on its products and the hope that management will take advantage of that. So to answer your original question of where do you go from here? Well, it all depends on how emotionally you can control yourself. If you have had some gains that you will have to pay taxes on then by all means go ahead (IMHO of course) and sell enough CYBG shares to offset yoru gains (think of it as easy money comes, easy money goes). And then hold on to the rest of your CYBG shares. Because at this price you may as well hold on and see what happens. The way I think of it now if I selll my other half position in the stock is *0 0 = 0 is the same as 0 * 2 = 0**! In other words, the amount of money you get right now does not end up to be much and I doubt it would make a bit of a difference to you if the stock did actually go to 0. (at least that is how I think about it and believe me I still have a significant number of shares). I know today is painful, but if the company truly has some fundamentals (which I have no way of knowing at this time due to company's lack of credebility) things will end up being ok. Time is the healer of all things. Believe me, I know this and have come to believe in it many times. Best Regards, Addi Jamshidi P.S - And yes there will be class action law suits against the company by the share holders (of which you and I will be included without us knowing about it)!! But in reality it is a bunch of blood sucking lawyers trying to take advantage of the situation. These sort of class action suits will go on for years and share holders will end up getting as high as 1 penny on every $1000 lost. The only people who end up making the big money (and I mean really big money) are the lawyers who get themselves involved with the class action law suits.

To: DStandish who wrote (2011)	8/24/1998 10:59:00 PM
From: CMason	Read Replies (2) \| Respond to of 2616

David -- I've been short from the 11's and closed my position at less than 2 today. Accordingly, I have no interest in CYBG, and certainly no interest in taunting its victimized investors. Let me say a couple of things: 1. You just paid a huge price for advice on the market. It doesn't matter whether you heard or learned the lesson, you still paid. A smart person would try to learn from that experience. 2. You think Wexler and the shorts were lucky. I would submit that luck is always a factor, but most of the people I know who were "lucky" in the market also spent lots of time analyzing stocks, had an objective attitude, and were willing to take small losses when they realized they were wrong, to avoid big losses not too much later. How do these talents map against your skill set? 3. Good stocks don't need to be sold. It sounds like you bought someone's advice hook, line, and sinker. If you know where the stocks in your portfolio came from, I'd note this as a strong demerit against whatever source gave you CYBG. If you don't know where it came from, you have a major portfolio problem and I'd suggest you not buy anything else until you fix it. You said that shorts have no gods but money. At best, that's an oversimplification that says you don't understand short sales and the contemporary market; at worst, it's a gross insult to the many shorts (me included) who know that the Lord is God. Greed is a terrible thing, but there are many God-fearing people who understand that there's nothing different between a short transaction and a long transaction. If you think there is a difference, you may want to retire from the market for a while and trade only on paper. I'm sincerely sorry you were hurt by CYBG. Please take this as a very heartfelt wish that you study this episode until you find a better way of investing. With sympathy, CMason

To: DStandish who wrote (2011)	8/25/1998 12:49:00 AM
From: Van Nguyen	Read Replies (1) \| Respond to of 2616

Don't hang on with the losers, hoping for a rebound. Remember that to recover from a 50% loss there must be a gain of 100%, for 69% loss like today there must be a whopping more than 300%; and the market won't wait for. There are a lot of day traders out there who'll be very happy with a return of 5-10%. The hardest part in trading is to materialize the loss and get out of it. Don't ever blame the shorts, without them the market would have fluctuated more wildly.