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Pastimes : Richard Ney and the Wall Street Gang

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To: BenYeung who wrote (5)11/1/1997 11:37:00 AM
From: ccryder  Read Replies (1) of 492
 
<A long term perspective certainly gives the investors a nicer sleep>
Not necessarily.

I got into JBIL at 11 pre split because of the long term growth potential of the CEM industy AND because of JBIL's sell off because of a lost customer. I have since sold 80 percent of my JBIL using the profit to buy GSTRF and LOR because of their excellent business plan in what promises to be a high growth situation (stock price potential 8X and 6X by year 2002). I went into both of these as long term prospects but JBIL certainly required(s) continuous diligence. GSTRF and LOR have risks too.

Your FDC earnings have trailed off which set up a devaluation similar to that of JBIL. Now both appear to be oversold. I read the brief on FDC and I wonder why you would think FDC is going to shine other than through manipulation. Maybe they are getting into internet payment verification and this manipulation is setting up the stock for the benefit of the insiders. I do try to have a fundamental reason for buying a stock and right now I don't know about FDC.

Oxford...I got turned off of healthcare companies because I have recently been involved with the industry because my mother was in long term care. My opinion of the industry: Abuse of insurance and medicare, neglect of patients, fraud, overworking and underpaid staff are RAMPANT. Seen it with my own eyes. Government regulation changes can dramatically change profitability overnight.

Now for controversy. You have said that earnings are immaterial. I beg to differ from the viewpoint that earnings are a measure of a company's value. They are one indicator to help determine whether to buy or sell. They are important or else why would the analysts bother with them and, yes, manipulate their projections of them?
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