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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Ivan who wrote (2322)3/3/2001 9:52:21 AM
From: Mad2  Respond to of 2383
 
Surburban flight?
Not that TA means much with no liquidity, but price diverges from volume....extrapoloate volumt to zero and you have the target (to get out).
mad2



To: Mark Ivan who wrote (2322)3/4/2001 7:43:51 AM
From: Carl R.  Read Replies (2) | Respond to of 2383
 
My explanation is simple, Mark. In a market like this, cash is king. PROG is the same as cash because it has about $3.50-$4 a share in cash, plus they have an operating division in the US that may be worth something. If the company only had a plan and some decent management it could be worth more than this. Heck if they would sell the US division they would be worth $5-6 a share.

Carl


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