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Gold/Mining/Energy : Datamirror (DMCX) (T.DMC)

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To: Famularo who wrote (49)2/4/1999 2:39:00 PM
From: kingfisher  Read Replies (1) of 603
 
Frank,
I traded it a couple of days ago for a quick flip and I am in again based on the response by management at DMC's web site.Cash and receivables of $2.70 per share and this stock was issued at $5.50 2years ago and now company is 3.5 times larger .This is too good to pass up.If you discount the cash and receivables you are buying this company for $3.25 per share at todays trading price.
On top of this company has a share buyback plan announced last fall when stock was trading at $7.70.They have plenty of cash to support stock if investors continue to bail.
If it keeps dropping I will keep buying,but this time I will hold it for much bigger long term gains.

Richard

Richard
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