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Formula Systems (1985) (FORTY) Message Board

  • zigster38 zigster38 Mar 22, 2000 8:15 PM Flag

    Is there some kind of Israeli accountin

    g scandal going on in their stock market? All the
    Israeli stocks are down...I will be picking up more FORTY
    shortly. I just don't see how you can lose with this
    stock, except for political turmoil in the region.

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    • I have owned this and other Israeli stocks for
      several years and have noticed that the correlation
      between any sort of political instability in the region
      and the stock prices is direct and immediate.
      Remember when the negotiations for a formal peace with
      Syria began. It was just about the time Forty started
      it's big move. Now that the Pope is in Israel and
      roiling the waters with statements about Palestinian
      statehood we see the stock diving.

      I personally
      believe that Israel has regional military supremacy, is a
      growing economic juggernaut (especially in the IT sector)
      and is destined to endure politically for generations
      to come. Therefore, I wince less when I read the
      news of "instability" than when I watch fellow
      American investors scatter like cowards when they read it.
      Nevertheless, the mark of courage is being able to act on one's
      convictions precisely when others are doubting. So, let us
      all buy while others cry.

27.320.00(0.00%)Sep 16 9:53 AMEDT

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