Systemsoft Inc. (SYSF) Message Board

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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Jimbo Cobb who wrote (290)	8/31/1996 1:13:00 AM
From: Mark Brophy	of 3529

Volpe-Welty earnings estimates for Systemsoft I noticed in some of your earlier posts that you referred to a report made by Volpe-Welty concerning earnings projections. They have a web site (www.vwco.com) and they post some of their past recommendations. I compiled all their recommendations on their web site during the period 1/1/95-4/1/96 in the table below: Ticker Price on VW Recommended % Gain Symbol 8/30/96 Price Date ACMM 2 9 11/9/95 -78 CGIX 7 1/2 8 5/8 2/27/96 -13 CSRE 14 3/4 22 3/4 2/22/96 -35 COTL 3 3/4 10 3/8 3/18/96 -64 CKFR 16 5/8 18 3/4 10/25/95 -11 ELCO 5 7/8 7 1/8 1/16/96 -18 GTIS 17 10 1/4 3/21/96 +66 MYSW 4 3/8 12 1/2 7/11/95 -65 NETC 19 1/2 19 1/2 1/13/95 0 PRMO 13 1/2 31 1/2 10/16/95 -57 SWEBF 4 3/4 6 1/8 4/2/96 -22 ULTD 6 5/8 9 3/4 4/3/96 -32 As the table indicates, you've defied the odds by following their recommendations and making money. In fairness to Volpe-Welty, I should note that they've made many other recommendations that aren't on their web site, including SystemSoft. There's a very good reason why most of their recommendations have gone down. All the companies above were taken public by Volpe-Welty during the past 2 years and Volpe-Welty makes a market in most, if not all, of these stocks. When you see a "bid" of 31 1/2 and an "ask" of 32, the market maker (Volpe-Welty) gets the 1/2 point difference. In a high-volume stock like SystemSoft, Volpe-Welty makes a fortune. This is why they create excitement in a stock via their recommendations. Other firms like H&Q and Alex Brown do the same thing, and they help each other out by hyping each other's issues. It's a great racket, but sophisticated investors take their advice with a grain of salt and do their own research.

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