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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (57864)	4/28/2002 8:31:57 AM
From: LTK007	Respond to of 99280

cripes, this disease seems to have no end(from your link) <<<"Farmer Mac's directors, entrusted to keep management in line, themselves got a piece of the action in 1997, when they began awarding themselves options. The 15 board members, all politically connected and including five presidential appointees, sit atop average holdings valued at $816,249. Nine have made millions more selling shares>>>

To: KyrosL who wrote (57864)	4/28/2002 10:18:24 AM
From: Zeev Hed	Respond to of 99280

That article is indeed "damning", but unfortunately, they are describing the corruption in many corporations. It does not change the fact that this small company has a monopoly and is still "controlling" only 3% of its target market, thus the steady growth potential is still there. How about the "corruption" in the financial writers circuits? Friday, someone already knew ahead of time this article will appear, the stock swooned from $46 to $42.5 (I got a trader falling knife catching at just above $44). A major buying opportunity may develop Monday due to this article. I'll be ready to double up if it gets to $39 and bail out on a breach of $38 (if it does not open at $35 first (g).) If it breaks $38, it could easily drop to the $23/5 area, where I believe it will be again an unusual value. For those in the stock, don't fall in love with it and use whatever stop loss you are comfortable with, a break should give you later on an opportunity to buy many more shares at lower prices. Zeev