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To: B. A. Marlow who wrote (571)3/13/1999 8:24:00 PM
From: Sleeper  Read Replies (1) | Respond to of 858
 
Yes, on that we agree. But large cap mutual funds and big money individual investors are going to use their own, often proprietary, stock screens. For a "top down" investor, the chat on our threads serves primarily as a directional beacon. Once the parameters on the stock screener are determined, it's easy to input the data base from a given company and determine whether or not it meets one's investment criteria. To the extent that PR drives stock prices, we may affect the valuation; computer programs however are objective, and don't recognize emotion.

I am flattered that CEO's read our posts and if they are influenced by what we have to say, then we are all the better for it. Having personally sat on boards, I am aware of the difficulty one encounters in trying to change the strategic planing based on subjective opinion. Personally, I feel that most companies are ruled by committees and change in direction, even slight change, is a slow and difficult process.

In summary, we are a factor, but not a determinate, in the life of a corporation. The larger and more successful the corporation, the less important we are. JMHO.

Sleeper