Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Eric mulay who wrote (1421)	10/19/1998 8:21:00 PM
From: Market Tracker	Read Replies (1) of 1911

Between 3 and 4 o'clock this afternoon there were 5 or 6 trades of 10,000 shares or more and the price rose quite quickly. ______________ This mention of AMES appeared in Herb Greenberg's column in The Street .com today. I have excerpted just the lead in and the reference to AMES. Discussing beaten down small cap stocks - "Some [small caps] are so low that New York money manager Roger Lipton has gone on a buying binge. What makes Lipton worth listening to is that he knows hype when he sees it. His claim to fame is being the first person ever publicly quoted as predicting doom for Boston Chicken (BOSTQ:Nasdaq), and he recently was the first to prick AMF Bowling's (PIN:NYSE) balloon. (He also doesn't like Ralph Lauren (RL:NYSE); the pony has become too commercialized.) So, what's he doing buying companies like Dress Barn (DBRN:Nasdaq), Ames Department Stores (AMES:Nasdaq) and General Nutrition Centers (GNCI:Nasdaq)? "It's a question of confidence in their growth rates, and I have confidence in their growth rates," he says." emphasis mine. MT

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