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Technology Stocks : Data Dimensions -- Ignore unavailable to you. Want to Upgrade?


To: Eric Klein who wrote (3510)11/5/1997 6:23:00 PM
From: Johnnie W.  Read Replies (1) | Respond to of 4571
 
Who would buy a stock like DDIM with such a high PE with no positive earnings history? Answer: Look in a mirror!



To: Eric Klein who wrote (3510)11/5/1997 6:25:00 PM
From: nonzeroa  Respond to of 4571
 
I don't think reporting better than $.12 per share will turn this around. There has to be tangible evidence that Larry Martin is building an organization that can generate $1.40 per share in '98. (I'm confident there will be zero evidence to that fact) I think the longs are getting too smart to take his promises at face value.

Also, I wouldn't put much credence in reported volume. I'm sure this stock has attracted a lot of day traders and it appears to me some MM are playing games with the volume. Essex needs to get 1.4+ mm shares out the door, Fidelity needs to get 600k+ shares out the door, I'll bet Soros/Bartons not only unwinds but goes short in size. I'm guessing net sales are a tiny percentage of reported volume.

As an aside, my sincere condolences to the legitimate longs (but certainly not the touts/promoters) I'm always way net long, and it sucks when a stock blows up. I commend your willingness to take a risk with a small cap, but suggest you focus on companies with compelling valuations. Good luck.