Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Valery Portnov who wrote (7228)	2/18/1999 5:05:00 PM
From: jeffbas	Respond to of 21143

Congratulations on your trading decisions! However, I respectfully would argue that $.03 earnings would have resulted in the same decline. I suspect the unimpressive conference call was far more important in this selloff. Furthermore, I believe that the Michael Murphy approach to valuing biotech companies might have some merit here. If I have got the guy and the technique right, he adds back to reported earnings R&D expenditures to get a better picture. The idea is that if CCUR had spent $2 million more on R&D in the last quarter it would have had a loss. The stock would have gotten hit even worse, but as long term owners of the company, if we believed the money was well spent we should instead applaud.

To: Valery Portnov who wrote (7228)	2/18/1999 5:28:00 PM
From: The Ox	Respond to of 21143

Hi Val, Like you, I cashed in half of my long term position 5 minutes before the close on the Friday before earnings. Most of the stock was purchased around 2 3/8s. By liquidating half of my CCUR long term holdings, I have a position which has cost me practically nothing (roughly the cost of the cap gains taxes). Sure, I have cut my potential future gains but I now sit in a position that regardless of where CCUR goes in the short haul, I can wait until a fundamental change occurs, for the better or worse, before making my next CCUR investment decision. Assuming that we don't have a major derailment of the CCUR train, I will most likely be buying back stock if it falls below 3. I'm not going to make that prediction, it's just that's where it will start to be attractive to me from a risk/reward basis. One of the elements to my long term strategy is to remove my initial capital out of an investment once I can do so and still be left with an ample position. It allows me to keep powder dry for the future and also reduces my exposure to the market's fluctuations. The short term chart looks very bad, IMO. The trend is well defined by the series of lower lows. I think there is a very high risk factor in taking a new long position before the chart reverses. Of course, those of you who are bottom picking specialist should feel free to post when you feel a bottom is being made. best of luck, Michael