Path: utzoo!utgpu!news-server.csri.toronto.edu!rpi!sarah!cs.albany.edu!crdgw1!uakari.primate.wisc.edu!dali.cs.montana.edu!caen!zaphod.mps.ohio-state.edu!ub!galileo.cc.rochester.edu!rochester!kodak!uupsi!mpoint!ritz From: ritz@msb.com (Chris Mauritz) Newsgroups: comp.sys.amiga.misc Subject: Re: Comodore Stock (Ahhhhhrggggggggg) Message-ID: <1991Jun27.131111.15337@msb.com> Date: 27 Jun 91 13:11:11 GMT References: <1991Jun24.171951.17837@cbnewsd.att.com> Distribution: usa Organization: Meetpoint Station BBS Lines: 35 In article <1991Jun24.171951.17837@cbnewsd.att.com> rcj2@cbnewsd.att.com (ray.c.jender) writes: >In article jc337s696@sycom.UUCP (Jeff Chmielewski) writes: >>Well... I recently purchased some C= stock, because you know, I figured it >>would be a good investment. But, within the last 2 weeks it has dropped about >>3 points. AnyBody out there no why? From the content of the conversations on >>the Net, it looked like commodore was doing really good. Hmm... Was the >>power-up just a plot to boost poor american sales or something. Is CDTV not >>working out the way they expected. Is the power up deal decreasing sales of >>other amiga models, because of the sudden flood of used amigas on the market? >>Jeff Chmielewski > > > Though I'm not an expert on the Stock Market, I'll venture > to say that "As IBM goes, so do most other computor stocks". > If CBM continues to drop, it may become attractive again. Well, not really. Historically, most tech stocks fall in the summer time since that is the quarter with the weakest earnings (normally). Also, tech stocks in general are taking a beating right now due to disappointing earnings at a few of the big tech companies (including IBM and Apple). If you really think CBU can keep up their earnings, then this is probably a good opportunity to buy. If you buy more now, you'll lower your average cost for the stock. HOWEVER, I think CBU is a very risky stock. You would probably be a lot better off buying something like Quantum Corp, which is very attractively priced now at about 5-6 times earnings. Cheers, Chris -- ------------------------------------+--------------------------------------- Chris Mauritz |People are strange ritz@msb.com |when you're a stranger. Copyright (C) 1991 |The Doors-