Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JDA Software -- Ignore unavailable to you. Want to Upgrade?

To: Trey Yon who wrote (144)	8/4/1998 1:41:00 AM
From: michael c. dodge	Respond to of 371

Well, I guess this is what makes a market..... I owned JDAS for about a year, but sold pre-split on a run up to $43.50. Came back in partially at $16.50 ($25 approx., pre-split) yesterday. Will keep buying each day, a little, and for a while, at these levels. The structural problem in shareholdings also provides an opportunity, IMO. Depending on which reporting service you want to believe, JDAS is owned 74% to 80% by about 163-173 funds or institutions. Insiders own 10% to 15%. There is simply very little individual ownership. This creates a multiplier effect on "sentiment" which has had at least two observable results: (i) price volatility has been extreme (note 2.2 beta); and (ii) the opinion of a handful of analysts drives the stock price in the short run, because some of the fund managers do not have a considered opinion of their own, and lack knowledge or conviction about the company. Its just a stock......to be held so long as its not going down in price. This is why you can get 7M--9M shares traded in a few days, off the information (to be, and) contained in last Thursday's conference call. I am delighted to reestablish my long term position in the company at current prices. I do not care whether the fund managers come back soon, or ever. In the long run, there will be 100% correlation between earnings and the stock price......which at this moment, there is not. mcd