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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO

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To: speculatingvalue who wrote (1467)3/5/2000 9:49:00 PM
From: John Trudeau  Read Replies (1) of 1762
 
Steve, I too am impressed with TOMmy's margins. The 6% gift, not a big deal to me. I've seen many Co's commit far greater sins. About the 1929 crash, I thought the big problem was leverage. Leverage in our market is higher than it's ever been. It's a house of cards waiting to collapse. The only saviour, might be this market deserves to be where it is. I disagree, but not entirely. Real wealth will be created through the efficiencies of the internet (e.g. business to business e-commerce), but honestly, I don't see consumers buying more than they did before... just differently.

I still like TOMmy, but it was a lot easier to like at .60/share. In this wacky market, we might see them go to $10/share, so tucking away a bit is a good idea. One's prime directive has to be "preservation of capital". Deciding on where in the cycle we are, or where we're headed, will determine our worthiness in making and keeping our profits.

Best of luck,

JT
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