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Strategies & Market Trends : Three Amigos Stock Thread
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To: Sergio H who wrote (19599)4/15/2000 11:10:00 PM
From: Ken W  Read Replies (1) of 29382
 
Evening Sergio,

"I don't mind going back to reading 10K's"

Same here. You know why, because most of the folks that have been trading for the last year or so do not know how to read one. ACRI is the first to come to mind. While we made some money on the stock due to the momo and hype, the FA just was not there. <GGGG>

Speaking of 10K's FLDR reported after the bell on Fri. with some numbers a little below last year on increased rev's over last year. The one time charge was due to closing a subsid. (drag down on earnings) The CEO is projecting 44MM sales in the first Q ending March. Last years 1Q was 40MM. so a 10% growth in rev's is not too bad. I think that they want to get some of the junk off the books to show a good Q2 on the books in case someone wants to buy the company. Since they have retained PaineWeber to look in to the sale of the company it would make sense. Opinion?

As to the market in general. I agree with you that margin is one of the main culprits in this mess. The other is too many sheep!! One person says something negative and away we go. Same the other direction. People are relying way to much on what some "experts" opinion is. Personally, I would like to see margin requirement set somewhere nearer to 25K cash on hand before anyone can borrow against a position. That would take out a good deal of the "players"

Ken
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