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To: ---------- who wrote (292)12/30/1997 10:14:00 PM
From: joemjo  Read Replies (1) | Respond to of 446
 
Doug,

I like to say this stock is slippery. It's current market price is like two lines which are ALMOST parallel and starting at a the same point. They are pretty similar when you look out a short ways, then you look down the lines toward infinity and there is huge deviation. Is this company going to grow at 25%, 50%, 100%, 200%, etc? Go ahead using either revenue or earnings put these different growth rates in the equation and predict the year 2000. 2005. 2010.
I think that is why this company hit 50 and 15 while never missing a beat on their execution. It looks like the next quarter or two just became "highly visible" and on the higher growth side of estimates. The fear subsided and the last pop occurred. Who bought? I haven't the faintest idea. Were they the same sellers from 50 to 40 to 30 to 20 and then finally 15? Probably some. It would be interesting to see how many of the shares which IPO'd at 16 are still in the same hands. For now I hold because I think the company will beat the earnings posted by Glenn a couple of posts ago. $.42 in 97 and $.62 in 98. Notice how the 62 has creeped up as more analysts put out their guesses or revise. This market has had its doubts about bidding up high PE stocks lately also. I think that the analysts who put out their recommendations are legitimate, the problem is they are not running Fidelity Magellan.

Todd