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To: Angusb who wrote (121)3/22/1999 9:27:00 PM
From: Jeffrey S. Mitchell  Read Replies (5) | Respond to of 302
 
longs seem to get caught up in a strange sort of 'innocent until proven guilty' philosophy that allows them to ignore any number of screaming red flags.

You mean like this?

- Jeff

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To: Daniel Miller (300 )
From: dreamer Monday, Mar 22 1999 8:35PM ET
Reply #301 of 304

Dan does it worry you at all, that the CEO of this company has been involved in about a dozen other companies that have failed?
#reply-8461136

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To: dreamer (301 )
From: Daniel Miller Monday, Mar 22 1999 8:37PM ET
Reply #302 of 304

Of course. However, the CEO is not the web designer... They are the people who are going to make this work. It's called giving people another chance...

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To: Daniel Miller (302 )
From: dreamer Monday, Mar 22 1999 8:38PM ET
Reply #303 of 304

Yeah but 13 more chances??

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To: dreamer (303 )
From: Daniel Miller Monday, Mar 22 1999 8:40PM ET
Reply #304 of 304

No. This is the last company he will own, unless he decides to sell it for several billion $. It will just be too hard to close down this company. They already have too many acqusitions etc... The ball is starting to roll... Picking up some momentum...

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To: Angusb who wrote (121)3/23/1999 10:45:00 AM
From: Anaxagoras  Respond to of 302
 
<<Apart from getting emotionally involved in their stock pick, many unfortunate longs seem to get caught up in a strange sort of 'innocent until proven guilty' philosophy that allows them to ignore any number of screaming red flags.>>

That is a very nicely put point- allow me to finish it.

The prudent investor proceeds according to the following maxim:
A stock is presumed guilty until proven innocent.
;-)

Anaxagoras