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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?


To: raefon who wrote (1621)6/2/1998 12:24:00 AM
From: dfloydr  Respond to of 3247
 
Hi raefon:

<<Bottom line ... TFS has never developed an adequate audience for their business. We have made our point ... They are either not capable of attracting the appropriate audience, inept, or even worse they simply don't care. There is simply no excuse for the stock to be trading at the current capitalization. PERIOD.>>

It is times like this when it would be nice if TFS were not so damned stand offish. If they enjoyed wide contact with a lot of money managers who felt some real comfort level about TFS ... if their floor trader had any confidence and some deep pockets to back himself up .... some of those contacts would have been jumping on this stock long before it got down to these levels. This is near madness. We are closing in on a capitalization of one times sales for a company that says out loud and in print that they will show 20+% margins and 20++% sales and earnings growth over the next few years.

Around 2.5% of the stock has traded these last three days. One medium sized positively inclined fund manager could have absorbed that for breakfast. Instead we have lost about 20+% of total capitalization in the course of some very erratic trading. It is hard to prove, but a good market maker could probably have done a lot all by himself to stabilize this trading.

Unless someone knows something we all don't know? And about now, if they are sitting on bad news, I would say that they are wide open for real trouble ... price wise and legally. I certainly hope this is not the case. TFS does not need worse publicity.

Oh well, another learning experience, eh what?

Floyd