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Edgewater Technology Inc. Message Board

  • ardixon ardixon Aug 31, 1998 11:34 AM Flag

    What the blue blazes

    is going on with this stock, anyway?? I thought
    it was supposed to have excellent fundamentals, yet
    it has so far been one of the doggiest stocks I have
    ever bought. $20,000 down the hole, and counting. Is
    there no end in sight?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The stock could touch 18 before bouncing back.
      The industry in general is out of favor. For wise
      investors that usually indicates a good buying opportunity.
      I would look for positive news this week. The world
      is not coming to an end. The demand for commerical
      and IT business is very strong. With 55% of the
      business being IT we will probably have a spinoff soon.
      The players are in place. Ardixon the end is in
      sight. It is that type of attitude that will cause you
      to panic and sell. Hang in there-your rewards will

      • 1 Reply to onperm
      • Sorry for the tone of my message, but it is
        difficult not to panic when I see the increasingly eroding
        value of what I had been led to believe was a solid
        investment. My paper loss is already nearly 40% of what I had
        invested just a few short weeks ago-- and this in a
        supposedly sound, growing company with few if any problems.
        It is beyond my understanding how Wall Street could
        be so merciless to such a company.

        The real
        cruncher is that to buy STAF, I sold my position in a
        company that has no sales, no product on the market, and
        recent issues of a questionable nature, including a very
        unfavorable write-up in the WSJ. While STAF has decreased 50%
        since my initial investment, the other company has
        actually gone up! Go figure!

        If it's any
        consolation, most of the large-cap stocks that I have been
        following have also taken big hits recently, including
        Microsoft (down 25% since its recent high), Wal-Mart (down
        10 in the last few days), and Sun Microsystems (down
        to 39 from a recent high of 53). While I can
        understand why MSFT took a hit because of its legal problems
        and its inflated P/E, I can't figure out what went
        wrong with the other two. Or what's going on with STAF,
        for that matter.

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