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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (5621)	12/31/1998 6:12:00 PM
From: Wright Sullivan	Respond to of 78763

Shane- We got flat-out lucky, with DSTM up about 25% in three days. Who knows, maybe we nailed the bottom (I'd better hush or Mr. Market will make me regret that bit of wishful thinking). To those interested- Most of the DSTM discussion between Shane and myself was off-thread in private messages, so as to not be an annoyance. And I don't know any way to retrieve most of our thoughts now that they've slipped into the ether. But I think DSTM has a lot of upside left, and it is a straightforward business. If DSTM has serious problems, I haven't seen them yet. For those willing to consider value in the software arena, this is one worth looking at. Even on a good day, though, the market can play tricks on you. Today, DSTM is up 15%, but CHKPF, the stock I sold to buy DSTM, is also up 15%. I guess the moral is: Don't be smug, and ignore short-term movements. Happy new year to all and thanks again for the thought-provoking discussions in 1998. Maybe even my "official dirt cheap value stock" (CNSO) will start shaking its tassels in 1999. Warm regards, Wright p.s. Hopefully James' reference the other day to fixing bayonets and going after the infidels was not referring to us Southerners. <vbg> (think: Chamberlain at Little Round Top)