FSII - The Worst is Over? Message Board

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Technology Stocks : FSII - The Worst is Over?

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To: Donald Wennerstrom who wrote (2369)	1/3/1999 8:55:00 AM
From: Joe Dancy	of 2754

Good points. Mark Johnson asked him about the names at the bottom of his rankings and I was surprised what he said. I expected him to say "keep away - don't touch with a ten foot pole." Quite the contrary, here are his condensed comments in a nutshell: Some people visit his site just to look at the "very worst merchandise" - the lowest rated stocks under his fuzzy logic model - and the reason is that many times they are forming long term bottoms and can have very powerful moves up. He noted that value buyers come in - and "value buyers have a lot of money" - and that even if the stock is rated poorly you don't want to bet against it - and he noted with a sort of "I've been there" laugh that you don't want to get caught shorting the real "bad merchandise" or lowest rated stocks when the money starts flowing in. In picking stocks he also does not pick the highest rated in many cases - he looks for ones that are rated "2" (like FSII) that are pulling back. In any event, as a long term fundamental value based investor his site is neat, but not critical to how I invest. More active traders may find the place indispensible. Joe

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