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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Kory who wrote (6625)	9/3/1998 7:19:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 8002

kory, in case there is a misunderstanding, in no way do i support day trading. however, neither do i support the buy/close eyes/get rich automatically no matter what theory. although i wasn't a market participant in 1960, i understand that fully 70% of the tech companies in the 60s went bust. buy and hold bought you bag to put your new wallpaper in 70% of the time. sure, it is easy to pick out the ibms and intels after the fact, but i'll bet a lot of the others looked REAL GOOD back then. i believe in valuation models. i sell when risk/reward is bad and buy when it is good. sometimes bad goes to worse and good gets better. that is why i time diversify. i will hold an undervalued stock until it is overvalued. this can happen two ways. first, and best, is for the price to rise more than fundamentals improve. the second, and worst, is for fundies to tank faster than the stock price. i will hold onto undervalued companies for extended periods if that is what is necessary. i plan on holding the likes of swtx, genzl (tremendous value right now), gztc, lgndw, asis, trps and mwy for extended periods of time while their business models produce results better than now. they are sure beat up now and i WISH i had traded out. however, i liked the risk reward. now i love it. pretty soon, i'll ask it to marry me and start a family ;-) the market irrationally hates illiquid stocks regardless of potential. this attitude will change, imho. how long, i don't know. hope this sheds a little light on my view. that is why i stand and awe at the mentality that says buy gtw at $60 when it is struggling big to grow 6% a year. amzn at $85 (to say nothing of $140!). mu at anything above $15 or so. i'm so bad at short term movements that i have learned to buy long options. that is why i own jan gtw and jan cmb (thank goodness for cmb - at least so far! ;-) i also own oct amzn and mu. my amzns almost where in the money 2 days ago - after being $80 out of the money ;-) i'm usually right (the one time i was wrong digl cooked the books and had to admit i was right ;-) but i'm usually way ahead of the market. that doesn't mean i'm right on gtw - but i think i am. i'm not talking about down tomorrow. i'm talking about down much further for an extended period of time. like, in the teens to low $20s. but, we will see.