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To: Dale Baker who wrote (6296)5/19/1999 11:48:00 AM
From: Dale KnipschieldRead Replies (2) | Respond to of 118717
 
So you guys are looking for something to invest in......tired of those cheezy profits on internet stocks, melt-downs in the financials....try this down-home special...

biz.yahoo.com

Great ratios, earnings improvement, etc.......This is really not a bad stock, but you'll have to keep it in the frig. for a while, because it really isn't for daytrading. <G>

Regards,

Knip



To: Dale Baker who wrote (6296)5/19/1999 11:49:00 AM
From: SteeliejimRead Replies (1) | Respond to of 118717
 
Sure wish I knew more re. what's pushing VMIX now. I do much better when I put my $$$ on cos which I find have a good story. As I have said, I believe VMIX is a good co., but they went back up over 28 a couple of weeks ago, then just as quickly went back down to just over 20.

They have gotten new business contracts with big online retailers and new "buy" analyst ratings, but price movement was minimal at the time. The one thing I have noticed is that interspersed among the mostly small trades have been some relatively large buys (10k--30k shares).

PLAT arbitrage woulda worked it looks like. I didn't do it. CHPS was a good example of how $$$ can be made on a buyout. I had bought CHPS after its big decline betting on an upturn. I lucked out when INTL bought it out. Don't remember the exact numbers, but I should have sold on the day of the announcement.

The price slipped back nearly 20% on the fear that the feds wouldn't let the deal go through. The completion date kept slipping and so did the price. I could have filled a burn barrel with the tender offers, but I just decided to wait it out--didn't want to mess with the paper work, and the way I understand it, I would not have gotten my dough until after the completion of the deal--it it went through (Isn't that how it works? You're just committing your shares to the deal--formally going along with it?).

When it was announced that the feds were not going to block the deal, the price spurted and I sold within a couple percent of the takeover price. It took another couple of months before the sale was formalized.

Jim