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


To: mad dog from over there who wrote (9724)11/18/1998 11:03:00 PM
From: Norman Klein  Read Replies (1) | Respond to of 12559
 
<<I have a tough decision and would appreciate any input. I first bought 2000 shares>>

I have learned that one of the best rules of investing is "if you have to ask or consider it, then split it". Don't think "all or nothing". So the correct question is "do I sell 1/3 or 1/2?"

I would sell 1/3, because the TA charts seem to indicate that this uprise movement is only in its beginning stage. But news and other events can change a stock's movement on a dime, so you must always be situated to take advantage of some profit.

-- Norman



To: mad dog from over there who wrote (9724)11/19/1998 12:24:00 AM
From: ahhaha  Respond to of 12559
 
Hold. If you trade you'll just reduce your expected return. Contrary to what some others have said, every trade analysis shows FORE is in great demand. It was in great demand as it dropped from 17 to 13. The booked orders below enabled marginal selling to take the executed price lower. There was little down tick concession and low elasticity relative to marginal supply in the down side translation.

I wouldn't base any investment decision on buyout rumor. You should hold the shares because the company is taking it to the bottom line at a rate faster than currently expected. When FORE gets going there will be some very dynamic upside. It will trade at 60x on $1.00. The way to succeed with your position is to hold and add unless there is something more attractive. FORE has the ability to move contrary to the market. It's profitability cycle seems 180 degrees out of phase. I believe we are headed for a bear trend in '99, but I also believe that FORE will buck it. The challenge for you will be to hold when other networkers are being summarily shot.



To: mad dog from over there who wrote (9724)11/19/1998 7:25:00 AM
From: w2j2  Respond to of 12559
 
md: Hang on. wj



To: mad dog from over there who wrote (9724)11/20/1998 11:06:00 AM
From: Short A. Few  Read Replies (1) | Respond to of 12559
 
Think you can hold out for a while,
at least to next q's earnings?

Techs often head up for Nov through
May, I think it's worth holding on.

Fore's technology is far from obsolete,
and ATM is going to be a critical part
of the emerging supernet, IMO.

Fore will improve products in frame and
gigabit, I think (hope).

I did about the same as you, only lost
a ton when I couldn't meet a margin call
during mini-crash. If I could have held on
I would still be holding for $30 in next 6
mos.

Ur thoughts?
Short