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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!! -- Ignore unavailable to you. Want to Upgrade?

To: jimmy c who wrote (2352)	10/6/1998 6:59:00 AM
From: hasbeen101	Respond to of 3194

It is pretty frustrating when you already have a full weighting toward a stock and then it dives deeper into bargain territory. For risk control reasons it's not really possible to snap up the bargain. And I also understand the imperative of short-term performance. Even though I can't think of another stock that I feel more certain will give a great return over 5-10 years, if I was running a managed fund I wouldn't want more than 1% of the portfolio in this stock just because of the tracking error. One thing I feel is certain: any downside from this level must be very short-term, except in the case of an IFMX-style misreporting of revenues (and I am certainly not suggesting that I have any suspicion at all of that). It's not fun holding on through this sort of thing, but as you say, if it was good value at 7, it's great value now. The same thing has happened to me with my Australian small-caps. They underperformed the Australian market (Allords) by about 15% over the past year, but in the past couple of months they have been an excellent defensive position, outperforming as the market drops. They were already beaten down so low that I would have been very foolish to bail out. I think the same is true now with ODIS.