To: Doo who wrote (2111 ) 3/4/1998 3:04:00 PM From: Goulds Read Replies (2) | Respond to of 7054
I just got off the phone with Mitch Menick. ACRT is fine, on course, and is expecting earnings to be at least as good as projected. The fundamentals are at least as good as projected. The company is doing great. He personally has been buying the stock over the last few weeks, and is truly surprised it has gone as low as it has. He is still buying. He has had over 400 calls the last few weeks. The problem, as he sees it, as well as a lot of others, are the slander and lies being spread by the shorts on these bulletin boards. I happen to agree with him. 35% of all American homes are now on the internet. The net serves the individual investor with a wealth of info, and most use it exclusively for their Due Diligence. Do a search on a stock, and you will end up in a chat room. Aside from the fact that everybody on the net knows of them, and uses them for the "background info" and psychological need to know what others think of their potential investment. For the first time in history, more Americans have more of their net worth invested in the stock market than in their home. Where do they get their info? RIGHT HERE! How many lurkers are there, guys? Probably THOUSANDS! Check out counters on the websites that show them. Many show close to a million a month, and these aren't even the popular sites. If serious value investors allow the likes of Pink and other shorters to dominate the chat rooms, the price will continue to go down. Where will ACRT stop if this short dominated chatroom trend continues? Ultimately, a week or so before the next earnings report comes out. The shorts will cover and be gone by the time the truth comes out, via the earnings report. DaveF