To: Mark[ox5] who wrote (16965 ) 5/12/1998 10:57:00 AM From: David Colvin Read Replies (1) | Respond to of 27968
Markox5 said, "I respect your picks and your work, but all you preach about is PE ratios and comparisons to other BB stocks. Well buddy, as you well know, PERCEPTION Is the one thing that MAKES OR BREAKS PENNY STOCKS. WHAT IS SI's PERCEPTION OF DGIV. VERY VERY VERY GOOD. And guess what, it goes up.. it stays up... WHAT IS SI's PERCEPTION OF FAMH?? I wont bother to answer." ----------------------------------------------------------- Regarding Mark's statement above and following up with my "perception" post yesterday, I took a look at Yahoo! (YHOO) stock. It is currently trading at nearly $114.00 per share and the P/E is INFINITE because the last 4 quarters net earnings are -$0.43 per share. That's MINUS 43 cents per share folks! Do you think that maybe the PERCEPTION of Yahoo! is good? Absolutely. I MUST respectfully submit that the perception of FAMH is currently at a low ebb, and ANY bashing by ANYONE (for whatever reason) is only furthering the lasting effect of the current perception of FAMH stock which is not nearly as good as it was only a month ago. Those of you who own the stock and ARE bashing the stock or Ira Monas, please ask yourself these simple questions: o Are you going to buy more? Of course not! o Do you want the stock price to go up so you can get back to even or make a profit? Of course you do! This is a real dilemma, isn't it? You don't intend to buy more but you want the damned price to go up. Prey tell what do you do to escape this fix you are in? YOU QUIT BASHING THE $%&@ STOCK!!!!! That way new buyers will eventually drive the price back to where it should be given the current fundamentals and future projections. Take Coca Cola stock (KO)for example. I think there are nearly 2.5 billion shares outstanding and it's trading at a P/E of nearly 50. By some standards, the company should be growing at 50% per year to deserve such a P/E. Evidently Wall Street doesn't give a rat's ass how many shares are outstanding and what the P/E is....it keeps right on going up year after year. We're talking about PERCEPTION here again. Asking questions about FAMH share dilution is good. I want to know also. Obsessively, repeatedly talking about it in an inflammatory way is NOT good. As I said before, you may as well put a gun to your head and pull the trigger because no new buyers will drive the price up in any meaningful way. Any of you intimidating posters that want to flame me...don't bother because I won't respond. Dave