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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: Zed who wrote (726)	3/18/1999 3:19:00 PM
From: Suma	Read Replies (2) \| Respond to of 828

I appreciate your research,comments and reserved recommendations. However, let me relate a story. I owned NKE at 70. Dollar averaged all the way during it's fall. Read all the negativity on the stock on the NKE bulletin board and finally dumped it at 45 with a big loss. At that time analysts were down on the stock...competition was predicted, loss of earnings. The stock board helped me to feel as though this stock had no future. I SHOULD HAVE HELD IS THE LESSON. It has taken over a year but it has recovered where now I would have a profit. Maybe this is not analogous but if everyone dumps then there will be more of a fall. I joined the suit....and am holding. Suma

To: Zed who wrote (726)	3/18/1999 10:25:00 PM
From: Hector	Read Replies (1) \| Respond to of 828

Just passing by and thought I might comment. I've owned this stock in the past and dumped it quickly when it didn't perform as I expected. Some lessons I've learned which might be helpful here. 1. Ignore the analysts. Most of them are trend followers and nothing else. Many times, they cause much harm to uninformed investors, who think they're the experts. 2. Financial irregularities usually breed additional ones. It usually takes 6 months to a year to work themselves out. Expect some scapegoats to be offered up from SFSK to Wall Street to make things all better. 3. SFSK had 38% institutional ownership. Not really high, but enough to accentuate the selling. If there's one thing Wall St. money managers don't want, is to be seen holding a troubled stock. When they dump, stand clear, because they could care less about fundamentals. I expect that after March 31, SFSK will stabilize. 4. Look at the financials. Are they really that bad? Missing analysts' expectations doesn't mean a company is out of business. Often it means that expectations were too high. A quick look at the SFSK financials tells me there's some value here and the selling is overdone. Summary: There may be some additional downside, but it won't be much. If nothing else, SFSK should offer a good bounce sometime in the next month. If an investor feels he has to get out of this stock, then put in GTC stop limit order above 9 1/2 and I bet it gets executed in the next 30 days.