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Non-Tech : CAOL: The Chinese AOL and Internet Lottery -- Ignore unavailable to you. Want to Upgrade?

To: tylcar who wrote (363)	5/26/1999 1:21:00 PM
From: Dave Gore	Read Replies (2) \| Respond to of 720

The hardest time to buy is oddly enough when a stock price is LOW. It's kind of funny, isn't it. But when we buy a stock at $1.00 and it drops to 50 cents, we find it hard NOT to sell. But when a stock is 50 cents and goes back to a $1.00 people will have no problem BUYING. I find it an interesting phenomenon. Of course the key question is "do I average down"?. Well, that depends on whether you believe your own DD or those of others and whether is represents a good REWARD to RISK ratio at these depressed levels. Each has to answer that for themself. One thing I will say and you can take this as a positive or not, but I feel the CEO is conservative and deliberate, and seeks lots of legal opinions of counsel which takes extra time. He told me has a philosophy of making sure they do things right the first time.....whether it be in negotiating financing to move the company forward, negotiating with the Chinese, or whatever. He feels that in China this philosophy particularly makes a lot of sense. Deliberation and tactful persistance seems to get rewarded. This, to me, that is comforting, but it also may mean that while there is a greater likelihood that things will be done right, that they may take a little longer. Maybe too slow for some daytraders, I guess. I hope you all get a chance to do your own DD and speak to Bruce. He is very busy but I find him very credible. Just my opinion. I hope those that have money they can hold here for awhile do so. This is a speculative stock, but an interesting one for sure.