To: Christiaan McDonald who wrote (6689 ) 1/27/1999 6:27:00 PM From: Goodboy Read Replies (1) | Respond to of 21142
There was a big buyer last week, not a market maker. I don't think we need to go back into the investing versus trading thing. For those who are investors, the value of this thread should be to get information about the industry, competitiors, technology and related events. Then evaluate what they mean and how they will or might impact CCUR directly or indirectly. As long as the information is correct and the events continue to bear out this fact, then the stock price will come around in time and the move will make up for past boredom and trading ranges. For those that are traders, one should have concern and knowledge about the industry and company, but trading patterns, volume, stock history, holder composition and market maker action will dictate what and how they do what they do. I have seen the traders right here many times on the pull back and wrong many times on the pull back or the buy back in point (especially the infamous trading buy called at $3.50 before the stock slid to 1 7/8 in a matter of weeks, nobodys perfect). The bottom line with trading, unlike investing, is that you play with no tears. That is a rule that I have when I gamble with friends for high stakes. You don't want to win than have your night ruined by the guy who lost whining and moaning about it. NO TEARS! If you can't afford to play or if the roller coaster going down is less fun than going up, then don't get on. Some of the best stock and bond traders I know on the street are ex-military types or guys from Brooklyn, Long Island or Jersey that are emotionaly tough and street smart. These guys play with no fear and no tears! As for investing, if the fundamentals of this company, trends in the industry or competition were eroding CCUR's prospects, I'd be the first one out of here and leave a lot of red ink on my trail. That has not been the case and the story is unfolding bigger and better than I had expected, although slower too. I don't agree as someone just mentioned that this is a speculative company. I can name dozens of companies that have multiples of sales, years in business and book value that are riskier than CCUR in this 3 to 4 range. CCUR will be very risky one day when it trades in the twenties or thirties and they miss their quarter by a penny due to TCI delaying a large server order into the following period. By then, there will be a whole new group of momentum players and brokerages following the company and stock. Reading our current posts will be like reading ancient history. They will be laughing too. SI CCUR post #14,984 will read "Hey Hypeboy, go back and read post #6685 from the archives. Some guy named ENOTS was complaining that the stock wasn't performing well because it went from $4 1/2 to 3 7/8. The fools should have been mortgaging their homes!" "And that Goodboy, I bet he dumped all his stock before $12". They'd be right!