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Edgewater Technology Inc. Message Board

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  • onperm onperm Aug 31, 1998 1:19 PM Flag

    What the blue blazes

    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
    come.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

      • 1 Reply to ardixon
      • I agree. I too am down over 40% and have a very
        large position with the company. For what it's worth,
        my Texas connection has informed me of a large
        acquisition in Houston. An IT/Commercial staffing company
        with sales of 17 million plus. This is an excellent
        area for Staffmark to expand. We looked at this area
        when we had thoughts of expansion. This is not inside
        information. This deal has closed and it is in StaffMark's
        court to release it to the press. The company is on
        track and has delivered everything they have promised
        and more. Let's keep our fingers crossed. I think we
        have seen the bottom of this mess. Good luck to all!

 
EDGW
7.61+0.06(+0.79%)Dec 17 3:57 PMEST

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