To: Puna who wrote (6809 ) 6/5/1999 7:19:00 PM From: B. A. Marlow Read Replies (2) | Respond to of 28311
You're doing just fine, Puna. A lot of people who aren't day-traders feel compelled to follow their stocks on a minute-by-minute basis. Frankly, as a couple of our Doc shareholders might point out, this is, well, a "compulsive disorder." About the only thing less useful is watching grass grow. TA is simply a technical way to reconcile investor sentiment, explain a stock's trading history and understand its trajectory. The good news is that you don't need to master TA in order to make great investments. However you got to your accumulation strategy (averaging down), it's a very effective investing approach. Just commit to holding GNET for the long term and you'll be fine. If GNET drops from present levels and you can afford to invest more, you can add to your position. Many experienced investors believe, however, that we've seen the lows for this cycle. GNET won't likely lead the Nets' recovery from the pull-back because it's not yet widely held and has limited Wall Street coverage. YHOO, EBAY and, judge's verdict in hand, AOL will likely be at the front of the pack. Still, GNET will participate handsomely in a resurgence of Net momentum and, with any luck, will ultimately outperform them all. If you want a reason for confidence in this firm, I think I can give you one. GNET has a lock on an elusive operating strategy. It's one you won't find in a textbook on--perish the thought--"business models." Even the legendary Warren Buffett, who thinks he's preaching it at his annual meetings, doesn't really understand it; he mimics it. Of course, it's simple, but don't be deceived: it's h-a-r-d. Unlike 99.9 percent of public companies, GNET somehow knows how to grow while remaining a "family." SI is living proof of the power of such community. Here, you're in the company of people who make a difference. You will, too. High ground even for cyberspace, wouldn't you say? BAM