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Technology Stocks : Omega Research (NASDAQ:OMGA) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (288)	3/7/1999 2:32:00 PM
From: Pkelly50	Read Replies (2) \| Respond to of 516

Sherlock, Your background is very clearly steeped in the finer points of finance. I am trying to do you a favor. Although OMGA is obviously not like an excite or geocities or any other number of companies, it does share one similar trait. When those firms were purchased, the buyers did not look back at the millions they had lost and then decided from those figures, their stock was worth billions. They did it based PURELY on what they saw going forward. What can these folks earn in the future, how big is the opportunity, etc. etc. OMGA fell flat on their face last year and earned no money. They had gone public 18 months earlier at $11/share. It is ironic that as the firm starts to turn things around, the stock has nicely rebounded back to that level. Based on what the firm has earned so far, I would concede that the share price would not be $11. But being a student of the market as I have concluded from a loose perusal of your illuminating posts you must be, you know that stocks are discounting mechanisms. They are not interested in a firm's worst performance. They look at "normalized" earnings going forward, earnings that the firm should be able to attain assumming solid execution of a biz plan, which up until this point they have not evidenced. I and others think that has changed. Read my post on Yahoo Finance under PKELLY50 tonight. You should enjoy. It applies to you and others like you.