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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!! -- Ignore unavailable to you. Want to Upgrade?

To: jimmy c who wrote (2478)	10/30/1998 12:07:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 3194

Funny you mention the LPs. That issue came up about six months ago to explain another down draft. LPs? They've been out for so long that they would deny ever having had anything to do with the company. That's called having deniability. Who wants to be associated with that disgrace? As far as the blocks go, they have been persistently market orders to sell. Cold down ticks. I've been keeping every trade data on this stock since the IPO and I've never seen as large of a negative money flow as recently. In a way the fact that the price is somewhat holding implies the stock is bumping along the bottom. On the other hand the general market is drifting upward under the irresistible force of intense FED pumping which has the residual effect of making sell targets sensitive to marginal demand. The question is, what happens when the FED has to back off? Given an exploding money supply, that Dies Irae can't be far off.

To: jimmy c who wrote (2478)	10/30/1998 8:12:00 AM
From: hasbeen101	Respond to of 3194

We may have seen the lows!! Seriously, if this stock goes much lower, the 1999 P/E will start looking ridiculous. I think it's clear this company can earn 5 cents a quarter. At $4, that's just a P/E of 20. The growth has not been supersonic, but it hasn't been that feeble. Let's face it, if this company was a supermarket growing revenues at 20-30%, earnings at 30-40%, with high barriers to entry, and on a prospective P/E of 20, everyone would say it's a great buy. This is IMO the point of maximum pessimism, a great time to buy.