To: Rick Voteau who wrote (7407 ) 8/29/1998 10:35:00 AM From: im a survivor Read Replies (1) | Respond to
I hear what you are saying and I agree with much of it. I fully realize it is trading at less then 2 times next years estimates........all this means nothing. I could give you hundreds of examples of issues in the same boat........My point is, this baby is going down before it even thinks of going up ( not talking about a 1 or 2 day jump or dip )....the market will dictate that...we are in for more rough waters ahead. We may get a couple of good days, as there are no doubt plenty of bargains out there, but overall, the market will be in a downtrend for a little while before it rebounds. Alydar, and many other small caps suffer the worst in this environment. This is not my opinion, it is fact. When the market drops 1 or 2 %, alydar will drop 10% or more. Also, I hear what everybody says about the share price being a bargain, but there are alot of BIG NAME bargains that will get the money before the small caps like alydar. Do you have any idea how many big name people are under $10 a share right now. The investor is scared sh**less right now and the individual money will go into the big name issues. I am not knocking Alydar....I owned it before and will own it again, I am just pointing out facts. If right now I had $20k and had to put it into something, would I go with Alydar, or would I go with a proven company, in a large proven industry with an excellent track record. KEG, largest in the world in one of the largest industries in the world. This is a proven, big name co....with numbers that will knock your socks off and a business plan that is kick butt. A $30 - $50 stock, now trading around the same as Alydar. BJS+.....$72 not too long ago ...around $6 now. Oil sector has been creamed as well as market in general. Will oil bounce back ? For the last 50 years, it runs in the same high, low, high cycle........I could go on, but my point is people better wake up and realize that what the market is experiencing now, is something never before seen. Long term, sit tight and relax, but now, I would be careful as to where I put my money and at what prices I buy. Alydar at $7 range, with number of shares out there, will drop 10% very easily, with not a whole lot of shares sold....do the math. A stock that can drop so easily with limited selling, compared with todays market and etc, etc, etc........I would be very weary.
