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To: Richard Saunders who wrote (182)2/20/1998 9:53:00 PM
From: Ontopequity  Read Replies (1) | Respond to of 856
 
Thanks for the interesting article, Richard. I found the bit about the covered and uncovered short selling report requirements interesting.
Further confirms my opinion that any company that relies on public financing, can not afford to ignore the realities of the stock market.
It is not enough to be "too busy with the fundamentals" of the business unless the company is; 1) cash rich with no dependence on the public for financing or 2) planning to go private. I have often seen quality companies with real stories to tell, neglect the public market side of the business plan. I have also seen empty shells with hot air to blow, with extraordinarily polished and expensive promotional activity
and stock market sophistication. The real companies can often upgrade their promotional activity and understanding of public markets to save themselves. The shells full of hot air will inevitably, and most certainly burst. It is too bad that real companies can be punished by the stock market for focusing too much on the fundamentals (reality). But then again, it is these inefficiencies and quirks in the market which allow us opportunity to sometimes buy quality at a low price.
DBT