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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Debra&Jeff who wrote (3129)	6/5/1998 1:59:00 AM
From: Kurt N	Read Replies (1) \| Respond to of 9440

That percentage is easily believable. The moment a company turns a profit, doesn't mean that it's price immediately goes up [unless it is in a hot/dynamic sector] to the point where it meets Nasdaq listing criteria. I think of it as a limbo period. At any point in time 2.5% are profitable, and assuming they are reporting company, and expanding earnings eventually (although in some cases slowly over time) get listed. Moment positive earnings are reported could be enough to propel price to meet listing requirements, but it still takes some time (30 days+) to get listed. Companies entering/leaving being profitable. Maybe a BB had flash in the pan earnings (for only 1 quarter). Fundamentals of most BB stocks suck,which translates into not being profitable. Trick is to pick the 1% that will become profitable (based upon fundamentals being more fully defined) and stay profitable but are not. Kurt