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Microcap & Penny Stocks : Ames Department Stores (AMES)
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To: Hossein Jafari who wrote (611)9/23/1997 7:32:00 AM
From: Arthur Tang   of 1911
 
You sounded like a market maker. But, market makers build a market of willing stockholders. They do not adjust prices to the tune of earnings. They adjust prices to attract more stockholders. Stockholders decide the worth of the company to enter with their investments.

A company with steady earnings therefore has more willing future stockholders. AMES has not. A one time earnings is very fleeting indeed. No one can catch it. AMES has much improvements to accomplish. Steady earnings is number one task.

Then, $40 here we come.
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