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Tom,
I wasn't really talking about the fundamentals of the stock, but instead
the investment story. For example, "brokers have to be coining money at these
high volume levels" or "farm equipment manufacturers will do well because of
the high grain prices". I realize that's not the sponsorship you are talking
about, but instead is one of the factors along with a stocks fundamentals that
might cause a big brokerage firm to sponsor the stock.
Back to your thesis. I agree that stocks can move after big firm sponsor
them. No matter what causes the move, I like to try to get in ahead of the
sponsorship <G>.
-----Original Message-----
From: Tom
Sent: Friday, June 20, 1997 9:41 PM
To: metastock-list@xxxxxxxxxxxxx
Subject: Re: Sponsorship
Jim:
You may be confusing "sponsorship" with good quality fundamental analysis by
the quality investment firms.
I don't think that we can tell whether it is the "sponsorship" that causes
certain stocks to rise, or instead, the quality of the company that is being
sponsored.
At bottom, though, either way -- you win!
Good luck.
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