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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (8049)2/1/1999 6:56:00 PM
From: Provocateur  Respond to of 122087
 
Barb,

Right. Again, not focusing on fundamentals of companies, only on momentum trading. Every internet stock has its day/days where they are propelled to ever unreasonable levels. And those with the backing are able to hold them, exactly. Usually the leaders in their respective fields of specialty, etc. or true innovators of new technology. The rest either come crashing down or slowly wilt due to lack of interest. Yes, nothing kills a momo like a CFO's resignation. I didn't realize until morning when I took a closer look, but the CFO resignation press release came out on the PR newswire. All of PRFM's official press releases come out on the BusinessWire newswire. So despite what anyone says (including the CEO), it looks like it was a clear backstab by the CFO and it was definitely a surprise to all (including the CEO, again despite his assertions). What a way to go. Taking the ship down with him (at least for the time being). And they're brother-in-laws. Imagine being the CEO's sister. One definitely for the books.

Prov