Labor Ready (LRW) Message Board

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Non-Tech : Labor Ready (LRW)

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To: oilbabe who wrote (297)	9/3/1999 6:00:00 PM
From: Mike M	Read Replies (2) of 379

oilbabe...you are correct when you warn against trying to catch a falling knife....All investing is pretty much a crap shoot, however. Somebody has to sell for me to buy. I look at this as long term money...This is a stock that has downside momentum and the momentum has to reverse before it can begin the trek up again. It is my goal to just put it away, however. I see the problems with LRW as short term....I see the stock working into strong hands who are buying cheap and not anxious to take a quick profit. I see a stock which will make .80 this year and roughly 1.20 next year. I see Mr Diamond gone and many of the problems he brought to LRW being dealt with head on....and I see what might be climactic selling 8/2/99(way oversold)...This stock qualifies for a value investment and that is what I want.... No sense in betting the farm but I am pretty happy buying this stock in the 11's...The last time I did that it was wonderfully profitable and I think it will be again...sooner or later.... Thanks for your insight. Mike

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