Path: utzoo!utgpu!news-server.csri.toronto.edu!mailrus!uunet!murphy!mike
From: mike@murphy.com (Michael P. Reilly)
Newsgroups: comp.sys.amiga
Subject: Commodore stock...
Message-ID: <1990May8.194746.24181@murphy.com>
Date: 8 May 90 19:47:46 GMT
Distribution: usa
Organization: Murphy & Durieu
Lines: 50

You might think this is worth somethin, you might think it's garbage, but 
not all of it is pure 'speculation'

A week or two ago there was a conversation going on about commodore
stock... 

Just a few thoughts on the subject from a person who works in a 
brokerage firm, and talks to the technology traders, but doesn't,
not even remotely, claims to know everything

Just because the Wall Street Journal says the stock is going to fall, and 
some other publication says it is going to rise, doesn't mean the Wall Street
Journal reporter is a moron and hasn't done any research on the company, 
it might mean just the opposite, but you have to remember, these reporters
are just making predictions, like weather men (with the same, or less, 
percentage of being right).  They make their predictions, it they are right,
they gloat about it, if they are wrong, they never mention it again....

In 1983 Commodore's stock was trading at 60 dollars a share ( I don't know
the profits per share), last April it was trading at 20 dollars a share with
first quarter profits of 38 cents a share.... right now (May 8, 1990 2:05pm
on the NYSE) Commodore is selling at 7.125 dollars a share and a profit
of 01 cent a share last quarter....

Now these aren't necessarily dire numbers, if the 'analysts' don't expect great
earnings, a companies earning report can look bad, and the stock still might
go up....Commodores stock went down to 6.375 the day the earning came out,
but was back to 7.25 the next day..

We (my firm)think it is going to go up, and have bought a couple of thousand 
shares to "put out money where our mouths are", if you feel commodore is going 
to do well with the A3000, and A2000/A2500 lines, try buying a few hundred 
(1 or 2) shares. Just think, if you buy 200 shares at $7, now,  (thats $1,400,
what you might have saved up towards your A3000 for example) and it rises to 12 
or 13 by september (a good jump, but DEFINITLY not imposible, especially if a
bunch of people BUY) then your $1400 is now $2400 or $2600 dollars, enough for 
an A3000, and you got your brand new amiga for 1400, and helped the future of
the company..

If enough people believe in Commodore and buy the stock, the stock WILL go up,
thus bringing attention to it in the business world, they will wonder why it is
going up, give credit to the new Commodore policies, assume Commodore is on the
comeback trail, then they will buy more commodore products, and stock, thus 
helping the company and sending the stock up...

It works, I've seen it....


Mike Reilly           Murphy & Durieu | "just remember, brokers are wierder
mike@murphy.com       N.Y. N.y.       |  than programers.. by a long shot.."