|"Gary Rountree" <firstname.lastname@example.org>
|Fri, 30 Mar 2001 21:56:02 +1200
As a relative cashbox, they are in the unfortunate situation of being a "tech" stock. Any new development may be regarded negatively as having downside due to perception of "tech losses" and cash burnout, however the caution they have taken to investing and lack of activity in bringing somewthing to the market is punishing them, as well as underachievment of E-Loan.
The excessive caution they have excercised and preservation of cash, should at least limit any downside, as the current price must be below well cash reserves and the quality of the board and connection via Softbank still provide potential upside...but when and if they can pick a winner who knows. They have indicated that they are evaluating a couple of proposals quite closely.
disclosure - I'm also sitting on a paper loss, but intend to hold