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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator -- Ignore unavailable to you. Want to Upgrade?

To: Reginald Middleton who wrote (20797)	9/1/1998 2:41:00 PM
From: Keith Hankin	Read Replies (2) \| Respond to of 24154

This is not a bear market. Last night a couple of economists were quoted as saying that it is a bear market, and the analysis said that it was a text-book case of bear market.

To: Reginald Middleton who wrote (20797)	9/1/1998 3:27:00 PM
From: Charles Hughes	Read Replies (1) \| Respond to of 24154

>>>Now, 435% of $50 dollars is about.... $217. Okay, I was off by a few dollars. It happens with fuzzy guesstimates. You should be congradulating me on accurate insight. <<< Well, 217 is almost 200% off from 600. You argued the 600 figure too long to divorce it now, sorry. As for congratulations, you have also said a lot of other stuff about MSFT that was pretty far out in light of recent events, but I won't belabor those. However, I will note that I also went on record with a bad price guess on MSFT, going so far as to bet the crowd that MSFT would be at 100 at some recent point. Split-adjusted, I was off 100%, in the other direction. So you and I have set the endpoints for bad price predictions, with most of the board being in between and more accurate, to be honest. >>> Most of you were boosting NSCP in direct contravention to my opinions on the same (if you remember the string of puts I told everybody to purchase when NSCP was at $86). You see where that story went.<<< Well, my posts are out there too. I noted when I bought NSCP calls at 40 or so and made money, and when I bought puts at 55 or so and made money. Outperforming your method, because I made upside money too. More recently I was challenged ( during a previous visit of NSCP to about 19 or so) to give a buy sell range for NSCP. I said quite clearly that I would buy at 15, and sell at 30. Within two months the stock had dropped intraday to 14 and change, and then went up to the low thirties, where it stayed for some months. So, it is no good bringing in my performance on Netscape to shore up your point. Rather the reverse. The way I see this comparison is we have drawn twice, and I have won three times, with real money, in situations where you held no opinion or were wrong. When I was wrong, fortunately I was less convinced and did not actually buy or sell based on my opinion. I can distinguish between a political position and a predictable situation, most of the time. So where this board and it's stocks are concerned, every buy or sell, all of which I have plainly announced here, has made money. Would that were true of my database investments :-( BTW, it doesn't take a year of failing markets any more to be a bear market. Nor does this AMs dead cat bounce prove anything. Cheers, Chaz