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To: TLindt who wrote (3498)4/24/1998 3:03:00 PM
From: Robert Gintel  Read Replies (4) | Respond to of 8545
 
For what it is worth, I don't think you are going to get much action out of the stock on the news, this quarter. Too many people may have bought some stock for a trade on what ever news comes out, including myself regretfully for an account at $28. The news itself should be good, and important for the long term, but I think the company may have telegraphed too much too soon.

This was not a good quarter for the type of consumer growth rates some myopic analysts think is important to buy/hold/sell decisions.
The real earning power won't surface until the september quarter of this year. Then you will have something to hang your hat on. Bank marketing programs usually come on strong in the fall of the year. A number of banks have been holding back their promotional activities until the OFX/Gold softwhere is in place, so they won't have to start a program and then change to something else. That's why I said some weeks ago the trading until then was not relevant.

I hope to make a lot of money in this stock because I have a lot, but I expect to make it slowly. It's not the price it goes to that counts. it the price that it stays at. I recognize however that we all have different horizons. I see that Putnam, the newest and last big buyer of the stock, got spooked out of a good piece in the March quarter. Are we the only large holder that hangs on to it for more than one quarter? Boy they sure come and go, don't they.