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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Tavros who wrote (9363)	10/10/1998 12:16:00 PM
From: mad dog from over there	Read Replies (1) \| Respond to of 12559

Thanks for the posting Tavros. Finally someone who is intelligent is posting here. Some of the postings to this page have been so moronic that I Joined just to respond. For all of you whiners out there who cry about this stock everyday I have some advice. First don't buy short, things are going to get worse in the market before they get better. Second, try reading the Edgar filings instead looking for hidden secrets all over the web. Third those of you who bought this stock because you thought they would be taken over and you would be rich over-night, forget it. None of the other networking companies is going to take over anytime soon(especially Lucent). I have done a lot of research into this company (and the others as well). They just keep rolling along. Their technology is second to none. As the Internet and networking needs increase their market share becomes stronger. I own 7500 share of this company. 2000 shares were bought at $24.65. I feel the pain as much as anyone, but some of you are pathetic. If you cannot afford to lose money don't invest.

To: Tavros who wrote (9363)	10/10/1998 4:07:00 PM
From: jas cooper	Read Replies (1) \| Respond to of 12559

Thanks for the response. Still timely, even with the volatility of late. I can see how the scenario of question #1 works. It just seems ironically out of place considering the economic situation in Asia. My point in question #2 was not that banks were realizing their exposure, but that other Dow stocks were now rebounding (so to speak), contrary to the realities that caused financials to decline. How many people will be buying Big Macs in Russia in the next few years? Why is Eastman Kodak's stock price doing so well when it seems that nothing has changed (except global economic uncertainty), since their stock plummetted to 55. Was watching a dry educational TV program on the banking system in the 20's and 30's. There are some amazing similarities with the situation today. People devising ways to create leverage. The devastating effects of fractional reserves when credit tightens. Many of the declines are not based on people merely moving their money to "safer" instruments, but the unwinding of positions that can't be salvaged because of the extent of leverage. I think this is one of the reasons for such great concern about Latin America's financial health. So many people think that FORE can operate in a vacuum. Not realizing that the they are dependant on the financial health of their customers to survive. Thanks again for adding some common sense discussion to the thread. Anxious to hear more... james

To: Tavros who wrote (9363)	10/13/1998 10:52:00 AM
From: The Band Leader	Respond to of 12559

Continuation of macro economic discussion: While Tavros and others have discussed the unwinding of leveraged plays by banks and hedge funds, I think the real story behind the market run-up of the last few years has been the leveraging of the average American. Credit card debt increased commensurately with the rise in the market cap. People aren't buying stocks on their credit card exactly, but they were investing in mutual funds with money that they didn't really have- paying high percentage rates and hoping they could continue to earn even higher rates of return in funds. When this winds down, we will have the capitualization of this bear. So my philosophy is from the old school- don't fight the tape and don't find the Fed. When these two maxims conflict, the tape rules because the Fed is "pushing a string." They can encourage an economic pickup, but lowering rates may not increase lending if institutions don't want to take credit risks or consumers realize they're already in too deep. While I admire those who take a contrarian stance, I value my sleep too much to fight the tape. This is not just an argument for momentum investing. But value players should look for companies which didn't get hit in the last downturn, those are the real values. IMHO, FORE is a good company, but is obviously headed in the wrong direction right now. Worth keeping an eye on though. Will we hold shares at FOUR?