CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep? Message Board

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Non-Tech : CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep?

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To: Elwood who wrote (69)	4/1/1998 9:05:00 PM
From: Toby Zidle	Read Replies (1) of 90

Elwood, From your posting: <In defense of Cabot, he cuts his losses and tells his subscribers to do the same - prudent advice for anyone! As far as pressteck goes - show me any other company with a comparable earning stream & eps growth rate that beats it - I don't think you can. Now is when you should be buying prst.> Are you still in your PRST now? As I'd told you, I got out at $26 7/8. I guess I cut my loss better than Cabot. From what I've read elsewhere, he finally TODAY removed his Buy recommendation, going to a Hold instead. Where does he cut his loss?? Let's see.... If I were Carlton Lutz, how could I face my subscribers if I said 'Sell' now, after holding this all the way from $100 to $17. I think I'm going to be stuck with this stock forever. Especially if I ever said 'sell' and then the stock ever makes it back to a $30-40 level. I'm STUCK, maybe forever. Now if I'd said sell it at, say $75, on the basis of never holding beyond -25% down from a High, I could be a true guru with a buy recommendation at $10 with a 12-month expectation of $40. Now Carlton's in a true no-win dilemma. Holy printing plates, dude!!

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