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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (12810)	7/17/2001 8:24:16 PM
From: Paul Senior	Respond to of 78523

Gary J. Goetz. With PHSY it seems there are up days and there are down days. I looked at XOXO again. From its low price and from the high levels from which it's fallen, I'd guess the stock is one of those that doubles or triples or more... or else the company goes bankrupt. It's the determination of the probability of either event that's the hard part -g-. On the one hand, they've got plenty of cash. OTOH, they are losing lots of money. In that sense, they're similar to many other companies these days. However, as you note... there is ton of heavy insider buying recently at higher levels than the current price. I'd say at today's $1.54-$1.68, XOXO offers speculators a decent shot that there'd be some bounce in the stock price. (But if I weren't one to bet with the insiders, then from a value perspective, it's too difficult for me to understand the company/industry to determine the long term viability of the company.)