To: tahoe_bound who wrote (19546 ) 6/12/2000 3:28:00 PM From: tahoe_bound Respond to of 28311
Russ H. this must be very embarrasing by now. Isn't it? Here the price of your companies' stock is barely 7-8 points up from the meltdown lows, while still down over 65 points from the high, all the while the nasdaq has recently recovered about 8-900 points from a 2,000 point correction. Shouldn't this tell you something in a very big way? This has been the rule rather than the exception for far too long. The volume today of barely 120,000 is yet another damning indictment showing less and less interest from the market. In fact, were the stock double, that would translate into 60,000 or so shares with todays action. The average volume used to be 10 times that. Some might take solace from the positive words from the Piper Jaffray analyst. How he argues that the market cap is unjustly far behind that of an Infospace or a Yahoo. However, he failed to add that there is good reason for that, meaning that along with the much higher market cap awarded others, there is much more prominent analyst coverage, far more interest as indicated by trading volume, and a constant stream of major news coming out to name a few. They are also leaders in certain areas. It should be crystal clear by now that solid fundamentals alone do not create a condition of great respect and influence in the marketplace. If virtually no one outside of Washington State is even aware of what is going on or who the company is, even .30 in the current quarter will not make a difference for more than a couple of days yet again. Any good news is quickly discounted and overwhelmed by nearly complete lack of recognition. The market is saying quite loudly, that profits alone of a few cents are not sufficient alone for judging a dominant position. Can this all get worse? It can. Will it? Who knows. Please, before my family faces a financial catastrophe thanks to my bad decision in buying this stock too high and then watching it melt down, stop sticking it to us and all other shareholders and get on the ball with some solid plans with regards to increasing awareness. That could include major coverage and that does not mean by some analysts that no one has ever heard of, share buybacks, not missing out on the largest technology conferences, creative advertising and branding, acquisitions, and some news that actually gets greeted with some enthusiasm, not tiny little deals that 99.99% of everyone shrugs off like again today, since Yahoo and Lycos already trumped you on the On24 news. The little stuff might be designed to tide over some, but the market is not fooled. Bascially, the same old ways are not working for the horrific performance of the stock, instead it just continues to drift into the morass of indifference along with the company on the recognition scale.