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Microcap & Penny Stocks : HGRM--Any Followers? -- Ignore unavailable to you. Want to Upgrade?

To: Leslie Tack who wrote (2215)	4/4/1999 4:19:00 AM
From: Ted M	Read Replies (1) \| Respond to of 3576

While some here are 100% invested in HGRM, I am not. More power to them, but I'm only comfortable being no more than 20% invested, which is a lot for me. I don't follow Lucent very closely but they are definitely favored by Wall Street these days. They are a leader in an fast growing/high potential market. Sounds a bit like someone we know? However, there is much less certainty about what Lucent is doing than what HGRM is doing, no doubt about that. While your complaints of the lack of information have validity I have to assume you are here because you believe the stock will go up from the 3 3/4 - 4 level, and not just because you bought in at a higher price. If that is the case, what positives do you see that will cause that to happen? Or do you really believe we are throwing darts, with all of the implications that has for the future stock price? OT, regarding Y2K. I'm reading a book right now, the Millenium Bug which supports the idea that it's not going to be pretty. From what I have read so far, it appears that the author believes that our electicity, water, and telephone services are at great risk in large part due to their being thousands of embedded chips that aren't Y2K compliant that haven't been tested and replaced. With regard to electricity, the author suggests that just minor disruptions can result in major brownouts due to the way the power industry disburses power. If these basics are really threatened, the result could be very bad. I'm still reading and am waiting to form a stronger opinion, but was surprised to read just last week in Wired magazine an article about Y2K that said many of the same things the book says. In the last few weeks I have been working on identifying tests to perform on software we use at work, and have been surprised to discover just how many things might be an issue that I hadn't thought of before. From what I read the 'consensus' is that while some experts say it will be no big deal and is a hugely overblown deal and others are predicting recession and some disaster, the likely result is somewhere in between. Yet, I think it is true that many companies aren't ready yet and some, maybe many don't even know yet if they will be ready. What concerns me is whether many of those are in the basic three--electiricy, water, telecommunications. I'm still researching... Even if most of the software in the US is ready, the fear--which I think will escalate as the year end gets closer could cause economic disruption and the likelihood of much greater problems in parts of the rest of the world could make things worse. I suspect that somewhere along the line will be a great buying opportunity--particularly in the small caps--but it may get ugly for a while. Just some thoughts...Ted

To: Leslie Tack who wrote (2215)	4/4/1999 8:11:00 AM
From: SgtPepper	Read Replies (1) \| Respond to of 3576

I was not talking about April or July, although your forecast for July is somewhat amusing. Typical flawed Wall Street trend-following logic. Because LU has gone up, it must keep going up. For the record: 4/1/99 HGRM/LU= 2 x (4 / 111- 11/16) = 7.16% Will try to remember to post each month.