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


To: Mad2 who wrote (752)3/23/1999 9:11:00 AM
From: Fbk32  Respond to of 828
 
I also have great sympathy for all who lost their hard earned $$ in this debacle. SFSK should never have had the problems they are now experiencing and the stock should be at $40 and above. But reality strikes and we have to do the best we can with the current situation. SFSK will form a bottom, and after that the stock will have a regular trading range of about $2 from the base in a cycle of peaks and valleys. This will continue until SFSK can reestablish itself as a preeminent leader in it's field.

Brian



To: Mad2 who wrote (752)3/23/1999 10:24:00 AM
From: Robert Douglas  Read Replies (3) | Respond to of 828
 
To all on the SFSK board:

For every stock that has tanked and recovered there is probably one that has tanked and never recovered. I have had both and there is no easy rule to determine which is which. What is necessary at this juncture is to cut through all the emotional crap and finger pointing over whom is to blame. Let's face it, if you lost big bucks in SFSK it was your own fault and nobody else's. If somebody lost their child's college fund on Safeskin, then they are an idiot because they had no place in putting all of that money in a risky investment like SFSK stock. Sorry if this sounds severe, but someone needs to wake people up that have no business being in the stock market, let alone stocks like this one.

I personally think that the heyday of Safeskin is over. The high growth rate and the unsustainably high profit margins are gone forever. But that doesn't mean that this company can't be a success and its stock a fine investment. Reality is never received well on Wall Street and it may be a long while until these drastically reduced expectations are accepted. What we as investors need to determine is at what level these new expectations are fully factored into the price of the stock. Since I don't own it and have covered my shorts, I am hoping that the price settles well below intrinsic value and that I get a shot to buy it at those levels.

I think we need to focus on the future growth prospects and the competitive position of this company. Are they maintaining market share? Are they running into price competition?

-Robert



To: Mad2 who wrote (752)3/23/1999 5:29:00 PM
From: Apple12  Respond to of 828
 
I do not need to dignify all this by posting the slime and insulting posts I kept getting in my inbox. Posts that started this and sent for no other reason then to start a confrontation. Why, I guess that is his personality to push his opinions on others who do not care to hear them. Anybody can come out and tell you about a stock after it just tanked 30 points. Why was this guy not around when it was doing fine.

I am waiting though to be contacted by SI so I can make them available to them to read. The dates of them and the rude insults will prove who is the slime! So I am still waiting.........