Windup Santa and a cat eh ;-) Ahh that brings me back to a university business course where we got into teams and had a stock pick competition. There was a bunch of gals that picked stocks with the pretty names....guess what...they won!! ;-)
Bryan Stevenson B.Comm. VP & Director of E-Commerce Development Electric Edge Systems Group Inc. t. 250.920.8830 e. [EMAIL PROTECTED] --------------------------------------------------------- Macromedia Associate Partner www.macromedia.com --------------------------------------------------------- Vancouver Island ColdFusion Users Group Founder & Director www.cfug-vancouverisland.com ----- Original Message ----- From: "Thane Sherrington" <[EMAIL PROTECTED]> To: "CF-Talk" <[EMAIL PROTECTED]> Sent: Tuesday, August 13, 2002 10:55 AM Subject: Re: Ill informed was RE: Article: A Wealth of Woe at Macromedia > At 10:25 AM 8/13/02 -0700, Mike Brunt wrote: > >What blows my mind off the planet was the authors total lack of knowledge of > >our business, what he obviously has no idea of is the pace of legacy > >application to web application development going on. Obviously this in > >mostly behind closed doors as most are Intranet type apps. > > Even more obvious is the author's total lack of knowledge about his own > business - to quote: > > "The stock market has been going down for three years. Heck, we're in a > bear market -- especially for technology companies. So why, after massive > declines had already taken place, did I downgrade the shares of > Web-development software company Macromedia to 1 STAR, or sell? It had > already fallen a staggering 63% year to date through August 7, the date I > cut its rating. " > > So what he's saying is that somehow it took him a year to notice that tech > stocks are in decline and if you're in for the fast buck, they aren't the > things to buy? What a moron. Macromedia is putting out good products > (that are beyond his comprehension) but like many tech companies, its stock > price was probably over pumped by the bubble and is now over depressed > because of the deflation of that bubble. > > He's a real genius to notice. Glad it only took him a year. If only I > used him as my stock consultant, I'd sell my shares *after* they lost 67% > of their value. The really funny thing is that this only hurts those who > bought high when the bubble was rising. In late 98 and early 99, > Macromedia was at virtually the same price it is now - so people who bought > then (remember the phrase "buy low"?) aren't in any trouble - only those > people taken in buy people like this guy who bought at the top of the curve. > > No offense to any stockbroker/stock analyst types out there, but one could > hire a monkey to do a better job - in fact, a windup Santa outpeformed six > out of ten analysts recently in the Globe and Mail. They year before that, > a cat did better the majority for they year. > > The sad thing is that articles like this will have the same effect that the > overly positive articles written during the bubble did (and I'm sure he > wrote some of those too) - sway the simple minded to do things that aren't > going to help them in the long run. > > And the downside of that is it might hurt Macromedia. We should get this > guy's e-mail address and contact him about the column. > > T > > ______________________________________________________________________ Signup for the Fusion Authority news alert and keep up with the latest news in ColdFusion and related topics. http://www.fusionauthority.com/signup.cfm FAQ: http://www.thenetprofits.co.uk/coldfusion/faq Archives: http://www.mail-archive.com/[email protected]/ Unsubscribe: http://www.houseoffusion.com/index.cfm?sidebar=lists
