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 : ICO (Inacom) LeadingTech Mgmt Services Co -- Ignore unavailable to you. Want to Upgrade?

To: James Ling who wrote (226)	3/30/1999 5:05:00 PM
From: Albert Youssef	Respond to of 274

They definitely do seem to like themselves. As a shareholder who's seen nothing but red, I can't say that I like themselves. I just got their annual report. It was a big cheerleading presentation, complete with references. I happened to get it the day they preannounced. Needless to say, I wasn't best pleased. This company's not going out of business any time soon. I can't see them falling much further. Then again, I can't see them bouncing back in the near future. I don't see why management is so excited about themselves. Basically, I was dumb to buy in when I did. The stock has always been priced like a cyclical, and I guess that now I can see why, seeing as how they're losing money this quarter. Looking at the past couple of years of earnings, though, I was duped into thinking this was a stealth growth company. As for whether this is a good price? I'd have to think that it is, if you're patient. To use another stock as an example, look at AMD. If in the past 5 years you wanted to guarantee yourself plenty of capital losses, you bought it when everyone was excited about it and it was trading above 30. If you wanted to make money on it, you'd have bought it when it's in the low teens, and hang on for potentially a long time. I'm beginning to think that ICO is a similar type of stock. At this point, I'll hold on. But I'm certainly not enamored of the company or the stock, especially since I think AMD sucks and I'm comparing it to ICO.