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Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (445)	5/1/1998 12:00:00 PM
From: rainwater	Read Replies (1) \| Respond to of 1956

JDN It was a light-hearted comment to Eric on the ability of underwriters to do an about-face on "predictions" If Cowen,Volpe and Company were ssooo wrong the first time in recommending CMND at what everyone here is complaining about... it seems likely to me they will have made their second prediction that caused this indiscriminate correction with the same mis-understood haste and hence they will be covering within a reasonable time-frame in the future. Well no one can predict the future - and I won't: but here is why I will bet on this stock (until I hear real news that changes my mind) : the bad news was "perceived" - noone has confirmed any underhand action by mgmnt. Also the bad news is more a correction to an earlier ++ perception rather than bad news itself : stock is not is a lagging technology: IT needs will increase, company has a proven performance. : I agree with them in focusing on non-Y2K that is what will carry them past the finish line. Trouble is they did not convey the message appropriately : The stock price is close to cash value. What they do now will tell us if they can be trusted with more money. Will they squander it on more "management infrastructure, will they buy proven market share, will their SGA increase on falling sales, will they lose/gain clients?. I am sure Cowen and Volpe had their own reasons to abandon this thing. It was definitely "relative" to other stocks they are looking at like a "search-engine" maybe or an Amazon.com, or a NTK. Once guys like this decide to sell - THEY SELL ... BUT when they decide to BUY... they BUY... nothing new there, they have less flexibility than small investor like myself. The future JDN - does not depend on Cowen or Volpe. It depends on messrs Kaputo and their clients.. (I know I am preaching to the choir here!! :-) ) My prediction is this: if messrs Kaputo and Co land a new contracts, make some wise use of thet 21 mill cash we will see Cowen and Volpe turn around faster than they left.