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Strategies & Market Trends : Fatty's Donut Shop
KKD 21.000.0%Aug 4 5:00 PM EST
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To: CIMA who wrote (3146)8/19/1999 5:38:00 PM
From: Jorjenzak  Read Replies (1) of 5041
 
1) Matt did a report on DD that we both did and indicated he liked the stock and planned to buy. I fail to recall where he ever posted that anyone else should buy ECNC or recommended that they buy it. I could be wrong. I know I personally have never told anyone to buy...I merely posted my opinions and the fact that I am in (and still very long despite my 70% loss at this point) and the DD I had acquired. Those who buy upon reading our posts without doing their own DD....well that is just stupid.

2) Bottom appears to have been .15 today...closed at .16 and huge blocks were traded. Crazy trading...makes no sense to me.

3) Lots of talk recently about the stock price drop and failure to do better despite good news, etc. Reasons we suspect are laid out in numerous posts on the threads. No new news and no new reasons.

4) People are still positive on the thread not because of the stock price...it sucks...but because we believe in the company, the business plan, the coming revenues, the deals in place, and are long (as in holding 1 year minimum or more, 5 years is my target) we are not panicing or obsessing over the stock price. Nothing we can do about it. We could sell now if we were weak on the positives and scared by the lack of news or reasons for the drop...but then all we would do is guarantee a loss.

Hope this helps some. Just my opinion mostly. Not worth much. Can't speak for Matt but feel a bit responsible for putting him onto this gem. And for me it is still a gem...in the rough.

Good luck with your picks!
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