To: speculatingvalue who wrote (811 ) 10/15/1999 11:13:00 PM From: speculatingvalue Respond to of 1762
For some reason, most investors like to buy high (when everyone else is buying) and sell low (when no one is buying). Not too sure why... Anyway, the company has indicated that the only reason earnings are down is because of restructuring in China which was out of their control. It is reasonable to expect them to return to previous earnings by next spring now that the restructuring is over. That said, here's a tour through memory lane before the restructuring: March 20 I would venture that we've seen in the last few days a fundamental change in TOM. We're under accumulation by someone with deep pockets. This will imply that TOM will be talked about on Bay Street once this buyer has loaded up. Other deep pocketed buyers should then start showing up. My instinct is NOT too sell at this point. March 24, 1998 UPDATE: The 2000 shares offered at $1.00 was quickly bought at the ask. There are no shares being offered as I speak (11:00 am)! Lets have the next ask price at a premium to the last sale. How about $1.50? :) March 24, 1998 The Investors' Growth Letter issued a buy recommendation on the company this morning. April 21, 1998 New Players are buying TOM! Midland Walwyn was responsible for buying 10,000 shares today and at ~4:15 pm a 200,000 block was traded by Research Capital (both on the buy and sell sides). Looks like TOM has finally received the attention of credible brokers! I'm still long on TOM, hope the rest of you haven't sold too early. June 26, 1998 My biggest problem with this company is that I don't have the cash I would like to have to invest at these prices. However, I think it probably makes more sense to slowly accumulate more as each successive quarter reports growing earnings. That way, there'll be some nice long-term growth in both the company and my share of it. This announcement is VERY encouraging. And as my old mom always says (usually when talking about her ocean front home in Victoria): "It doesn't what the price is if something ain't for sale."