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 : Documentum (DCTM) Software -- Ignore unavailable to you. Want to Upgrade?

To: Tokyo VD who wrote (437)	3/5/1999 3:06:00 PM
From: Wizard	Read Replies (1) \| Respond to of 600

>>YOU ARE TRADING TECH STOCKS, NOT INVESTING IN THEM. Call it what you want, I buy stocks I think are going up and sell 'em if I don't think they are going up. I think AMZN and YHOO will continue to go up so I am long those stocks. I think DCTM is dead money, so I am not long that stock and I am certainly not short. You are probably right, there isn't much risk from here given they have $100mm on their books and the original IPO was at $21 a few years ago. It probably bounces around until visibility improves. >>First, keep it in perspective, you posted your cautionary words here AFTER the company lowered guidance, not before. My post was on Jan 20th and the company posted results and held its conference call on Jan 21st. >>someone had to give you the idea that they could beat the number. management had exceeded estimates consistently and they had a new product coming out. I thought $1.27 was a conservative estimate, I was wrong. Believe me however, I never load up on small cap software companies because they are just too unpredictable. >>but instead you state that management has no idea how tough it is selling product these days??? HELLO, unless I'm mistaken, you work on Wall Street, not main street, so please help me understand why you feel your perspective is more valuable than management's. That is the beauty of this thread. You sign up, you get an opinion. I have tried to explain my theory on the difficulties in forecasting small cap software companies results to you but you disagree, so be it. Management can guide all they want but once you get it wrong, you lose credibility to guide.