#Commodore International
10-Nov-93 13:25:59
Sb: #121290-#Commodore International
Fm: Paul Higginbottom 76314,2742
To: Mark D. Manes 74030,744
Hi Mark. I already put a message on here before stating that
Commodore being mentioned in USA Today was the reason for the stock
jump. You're right about investors often not being that clued in.
They may well have seen that Atari has shot up and held up pretty
well recently, but that Commodore still appeared "cheap". I saw that
C= is down to 3.5 again now. Another thing to remember, those that
bought on the day it shot up from around 3 to just over 4 could have
made a 30% profit in one day. That is, those that got in at the right
time may well have jumped out after making a bunch of money. Most
people are not in the stock market because they "care" about the
companies involved. That's one of my problems with the stock market
in general. There should be reward for holding onto stock. My vote
would be a progressive capital gains tax inversely proportional to
the length of time a stock is held.