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Biotech / Medical : CMP -- Ignore unavailable to you. Want to Upgrade?


To: marshall freeman who wrote (1187)8/27/1998 10:38:00 PM
From: CYBERKEN  Read Replies (1) | Respond to of 1308
 
I thought about staying in because it's too much to lose. But one never succeeds if one hasn't learned. Everyone from Marty Zweig to Tmex has said the same thing at one time or another. To wit:

<<If a stock goes bad get rid of it. Don't hang on trying to get back your lost capital. Move on.>>

This company has proven itself to have a management that lies to stockholders. You can't make money investing in that. We could all come up with a hundred reasons that they might have a bright future, but who will say right now that you can trust them?

I could have saved a fortune just turning on the computer an hour early this morning.(:->) Taking what little is left off the table tomorrow. That's the only smart move I can recommend to anyone.

David: Sorry about the whole thing. I know you lost a lot more than me. Don't get too down, you're a damn good analyst.

Couldn't agree more with you all on DD, but after you have worked it raw, it always helps to remember: we can all still be wrong.



To: marshall freeman who wrote (1187)8/27/1998 11:05:00 PM
From: Andrew H  Read Replies (1) | Respond to of 1308
 
Marshall, look at the eps again. They took a one time gain of 1.3M and reported a total gain of 1.1M. Without the one time gain, they lost money from ongoing operations. This was actually a reversal of their turnaround. They LOST money from their operations. If they had made .31 from their operations, they would no longer have their letter of ongoing concern.

It was really a very bad quarter, masked by the one time gain. Shareholders were clearly misled. That said, there may not be much more downside from these levels.