To: Mary Baker who wrote (676 ) 5/9/1999 10:18:00 AM From: Anaxagoras Read Replies (1) | Respond to
That was a very nice post, Mary. You've clearly thought about this. One of the interesting things about your remarks is that I kept finding myself agreeing with the bearish things you mentioned and thinking there's no way I would long this company because although there's a chance they'll succeed, I think the probabilities are small, their presumed success is already built into the stock price (i.e. remember their core business is a money looser and their new one involves acquisitions they bought at 2x TTM revs which are now already valued at far, far greater multiples even without "incubation") and the enormous risks on an FA basis have not been adequately discounted. Anyway, thanks for sharing your thoughts there. prima facie based on the presumed bias of the poster. Moreover, I'm interested in making money either way, it simply doesn't matter to me which way. If I think there's more money to be made on the long side with less risk, then that's the way I'll go. Frankly, I'll often trade a stock both ways, first short, then long, etc., on valuation or merely TA. However, with this stock I have no confidence in the long side at all so my game plan is simply to short when appropriate. Right now I have other fish to fry.
