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Microcap & Penny Stocks : JNNE - Jones Naughton Profits Via Mass Market Retailers -- Ignore unavailable to you. Want to Upgrade?


To: Brad who wrote (172)5/27/1998 3:34:00 PM
From: Tom Dorsey  Respond to of 4624
 
Hey Brad,

I am not disagreeing with you (completely anyways..gg). Don't misunderstand I have held since the RETN days. Bought alot more when it drifted to pennies to get my average down into the mid teens.

Your DD has been great. My point was the national rollout for Costco is just beginning to happen. It will take time (as you suggested) for earnings to get to the bottom line (next year's .21 EPS). This company disappointed a lot of folks a ways back. It is not a dig against them, but the tape proved it driving the stock to these levels.

I am not saying it won't happen soon. I would love to see it, and hold a nice sized core position awaiting just that. My personal opinion (AND JUST MY OPINION) is that we will see more volatility in the short term. I plan on trying to make a few dollars trading the stock during this time. However, longer term I agree completely that Mr. Naughton is making the right decisions and long term shareholders will do well (myself being one of them, too).

The reason I directed my comments at Rory, was that I have been in his shoes. Relatively new to the market, and sometimes getting caught in the emotion of the boards. I got hammered in several issues back in the old Prodigy days, and I was just trying to let him know that things take time.

Keep up your excellent work.

Regards,
Tom Dorsey