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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 290.29-1.0%10:09 AM EST

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To: Stock Watcher who wrote (9127)5/19/1999 4:31:00 PM
From: Francois Goelo  Read Replies (2) of 52051
 
S.W, take a good look at the two links I provided earlier on, particularly...

Bloomberger: it does not look good at all and the perception is going to get worse when investors go home and discover the mess. Too bad, I was hoping to make a "killing" again on that one, after being patient (in terms of BB stocks) for so long.

But I would not necessarily discard SJIG, although they must be fuming, stuck with their restricted stock for a while longer. I calculate roughly that SJIG value goes down $1.00 for every $7.00 lost by BHUB.

So, bearing in mind that BHUB holding justifies about 2/3 of SJIG's value, the stock could still be a reasonable buy around the $1.25 mark. However, it's hard to predict the effect of the "tainting" on the stock value and it takes a brave man like Jeffrey to buy at these levels.

Regards, F. Goelo + + +
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