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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (6036)	6/16/1998 4:11:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 29382

Max, PILL sounds just like PTEK! That one fell from 28 to 24 a few weeks ago, got a couple of heavy analyst recommendations on CNBC ("I have no idea why it's so low, it's a no brainer to buy at this level", etc.) Yup, it would require someone with no brains to buy at that level. Stock continued to drop to 20, then company released news that a couple of their top customers were both bankrupt and SG&A were well ahead of revenue growth...looking for new management including a COO. Stock is now down below 9, almost hit 8 yesterday. I think it's actually a good buy at this level. They're a $500M company that hit an operational wall from not correctly managing their growth internally. Sales side is good. It's not gonna be pretty when you go bottom fishing so I held my nose and picked up a few shares today. Phil