To: bullmarket who wrote (29508 ) 10/15/1998 2:19:00 PM From: Ronaldo Read Replies (2) | Respond to of 50264
The stock price has little to do, at present, with the fundamentals of the Co. Those investors that get fixated on " give me formal papers right now" might be desillusioned. These emotional rollercoasters we have gone through have only helped some "traders from within" make money at the expense of shareholders with not enough stamina, wanna be traders, finantialy overextended individuals etc. I dislike intensly Larry Bryant's position. He is under the delusion that, at a certain moment, he had a profit of 4 MMU$S, that is BS. I suggest we forget that # 8, it has been harmful, the repesentation of panic buying (of which I have also been part!). I want to put in a good word for entrepeneurs and a so-so one for corporation men. Two close friends of mine (my friendship to both goes back some 17 years) just went into business together. They bought a bodega, a winnery. One of them was in the wine business, sold and now is back with this venture. The other is the #2 executive of a dutch bank in this country (and is only an investor). My friend the banker, has successfuly loaned billions of $ (successfully means got back principal and interest ) but is completely unable to imagine the resolution of the most menial situation and or problems any entrepeneur, in any country, can in a mili-second.. This is not an issue of intelligence or formal education but practical education. I want to tie this in especially for Howard C. who is too fixated on SB-10 (I was too, but refocused). As long as the entrepeneur, in this case Jimmy Chin, tries his best, give him the breathing space to do his thing. Entrepeneurs have a way to get things done. Usually messy in a formal way but efficient in practical terms. There is a point in the developmentg of the Co. where this way of doing things, which got the Co. started get's in the way of it's development. IMHO we are far away from there. Hope it helps, sorry for being so long. #50