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Technology Stocks : JW Genesis (JWG) - online trading in the future? -- Ignore unavailable to you. Want to Upgrade?

To: William F. Wager, Jr. who wrote (24)	5/23/1999 12:01:00 PM
From: Roads End	Read Replies (5) \| Respond to of 78

That's right Bill. That is also why I took the opportunity on Friday and sold my shares to all the suckers buying on the spam flying all over the place. There is a reason this company trades only 48K a day and they will find out when it comes time to sell. Steve

To: William F. Wager, Jr. who wrote (24)	5/23/1999 3:09:00 PM
From: DavidCG	Respond to of 78

Income is Income. You forget that SWS is soaring to the heavens based on its stock holdings of NITE. I mean, if they sell their holdings, guess what, its real, live cash in their hands. Right? To me, that's what matters! The real driving force behind this stock is not the .60 earnings last quarter. (Although that is pretty sweet by itself) It is the $58 million CASH they will be receiving in 5 days after they sell their mildly profitable clearing division to Fiserve (FISV). And what they plan on doing with it. $58 million cash over a mere 6 million shares outstanding. Figure out those $$$ signs. In the industry of Investment Services, the average Price to Book ratio is 9.75 in other words, all brokerages average trading 10 times what they are worth on paper. Our Price to Book currently is a mere 1.53 With $58 million in cash, our book value only going to get stronger. Now just wait untill you see where they put that money. And maybe, just maybe that is what you'll wait for. If you do, that is just fine by me! The longer you wait to jump in, the higher the support you create. And I could never have a problem with that. ;) -DavidCG