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Strategies & Market Trends : Roger's 1997 Short Picks

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To: The Dermatologist who wrote (3606)6/23/1997 4:39:00 PM
From: Eric Klein   of 9285
 
DDIM could never produce the type of earnings required to support it's stock price since their main business is consulting. Their software product, ARDES 2K, is a multimedia based planning tool. Nothing wrong with that, but it's not the type of thing that's going to generate a huge amount of revenue. The CEO of DDIM stated the same thing earlier in the year. He said that he didn't believe that Ardes 2K would generate gobs of sales. It's funny how the promoters of this stock never really have concentrated on this point.

DDIM had lots of volume (close to a million shares traded) on the fall. Now if it just breaks 20, look out below. When a momentum stock like this falls out of bed, it can fall hard. Especially when the underlying story is so flawed.
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