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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: HeyRainier who wrote (1565)	4/15/1999 12:02:00 PM
From: HeyRainier	Respond to of 1720

Final trades: (1) Sold QSound at 3 27/32 yesterday at 12:40pm. This is one of my blocks that I acquired at multiple points throughout the year, and took ten months before the position became profitable (38%). Add to that the 'bearest' of the bear market for QSound and other small caps that bottomed near October, and you can see that it has been a bumpy ride. My estimates show that from this particular block's purchase point, my position at one time faced a teeth-gritting, maximum paper (and a very real) loss of 63% over this time period. If it weren't for the business fundamentals of the company, I could easily say that the fortitude to hold on would not have been present. (2) Re-opened position at 3 1/8 today at 11:32am. Irrational exuberance (QSND deal with broadcast.com) has its advantages on occasion, and so does trading a stock and understanding its movement behavior for over a year. I thought the recent price activity gave me an opportunity to reduce my cost basis in the company, so I re-opened my position at a lower price level and bought back with the intention of holding on for another extended period until the management's vision is carried out. The Cetera hasn't even been announced yet. RT