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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15)	1/8/1999 10:53:00 PM
From: Crossy	Respond to of 2383

Zeev, wisdom from a 30year old ?? guess we have to wait a bit for that. Grayish hair already in place. Taking a tough exam and some consulting projects now, so my appearance on SI is a bit sparse. But that won't be long. After Jan 15th everything is much more relaxed... We pretty much entered same week (Dec. 2 for me). Really a gem unfolding. Such silver plates usually get "served". This patience is usually rewarded. Today, rewarded twice: IDTC also jumped big, where I entered 1 day too early - it beat estimates but plunged from $20 to $14. I got in before earnings. Should have waited one day. Could have bit on my lips for this "stupidity" Anyway, you are so right about patience. Momentum stocks / players are good but I like to get into such stocks before the momentum crowd taps it. Seems to be that your investment style is pretty similiar. A friend of mine was even more patient than me. He is one of the "buy never sell" types. You have to convince him of selling - he sells only if the strategic reason for holding is no longer in place. If a stock doesn't jump he waits patiently. I told him about USSB at 8 more than a year ago. He liked the idea and got in. I road it up and sold at $11.5, where TA was getting stalled. Anyway, he held on and sold at $13. Then it plunged to $6 - he saw it - bought again at $8 at the way down - held it thru all those months. 2 weeks ago he phoned me thanking me for this "great stock tip" - that I couldn't remember. He told me GMH is taking them over with a sweetened bid. Now at $14-15. Funny days. best regards CROSSY