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Technology Stocks : Formula Systems : FORTY
FORTY 170.00+2.5%Jan 9 9:30 AM EST

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To: Josef Svejk who wrote (24)3/3/1998 1:04:00 PM
From: ERM  Read Replies (1) of 141
 
Thanks--that chart highlights something I've been noticing for the past month or so: FORTY and CRYSF do not move in tandem. I started looking at FORTY as a way to diversify some Y2K risk, as I own several Y2K stocks, but not CRYSF. Although I like the company, I'm a little overweighted in Y2K, so FORTY seemed like (for me) a better way to play CRYSF. However, even on days with positive CRYSF news, FORTY did not respond. Obviously part of the answer is that given the number of private companies owned by FORTY, it's hard to tell how the ownership of any one public company (and its performance) effects the parent.

The more I learn about FORTY the more I like it, however it also becomes more complex and harder to analyze. This may ultimately be the stock's biggest weakness and the reason why it is so thinly traded.
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