| To: Daniel Levin who wrote (97) | 9/2/1999 5:32:00 PM | | From: Bob Trocchi | | | |
Daniel...
I have just started to read the back posts for SAFS. I currently have no position.
In "The Street.Com," a few days ago, Herb Greenberg wrote up a story of SAFS, a very small portion of it is reproduced below. The Street.Com is subscription service so I choose not to reproduce the whole article. If you have a subscription you can find it. If not you can get a free 30 day trial.
>>Shuster tested SafeScience products from the store against such common name-brand household cleaners as Joy, Windex and Mr. Clean. Shuster did a complete compositional analysis and found that the SafeScience cleaners were 92.5% to 99.9% water (hey, that's purer than Ivory Soap). That means the SafeScience products have much higher concentrations of water than competing products.
That wouldn't be a problem if they could clean dishes and windows. But they didn't do that very well. "Based on the results of the compositional analysis of these cleaning products, it is clear why their performance efficacy was so poor," the report reads. <<
In general, the article is not very positive on SAFS. Can you give me your reactions to this article or simply the portion I reproduced and some good reasons for going long.
I am leaning to short this stock but I value input on both sides.
Thanks
Bob T. |
| | SAFS (Safescience, Inc.) formerly IGGI. Hot Potential | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
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| To: Bob Trocchi who wrote (100) | 9/3/1999 9:33:00 AM | | From: Daniel Levin | | | | |
Nothing in this article is new, something does seem strange with all these artcile coming out of nowhere about a company that hardly has a following. I have read both articles and I have used SAFS products myself and am quite happy with them. As far as the articles go they all seem to have an agenda and none of them give you any negative facts. If you want to short this stock go ahead but reread the last paragraph of the street.com article where it says that a positive news report could sky rocket this stock back to its high, I myself am always looking to add to my position at a good price so these short term drifts down do not affect me. In my opinion I am quite content on sitting on this stock for 5-10 years if I need to. |
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| To: Daniel Levin who wrote (101) | 9/8/1999 1:47:00 AM | | From: JMarcus | | | |
In case you hadn't noticed (small chance of that), the plunge in the stock price bottomed and rebounded on the press release that, contrary to rumor, insiders have not been dumping stock. There sure seemed to be a concerted effort to drive the stock price down, but it looks like that effort has now run its course. I got in at 14-5/8 today and intend to hold this position for a good long term. There are so many ways for this company to win--it is really quite amazing.
Marc |
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| To: Daniel Levin who wrote (104) | 9/10/1999 10:17:00 AM | | From: DaveAu | | | |
You need to re-read it. Some pretty slimy characters associated with this scam:
"Pierce is best known in downtown financial circles as the Lehman Brothers broker who executed stock and option transactions for former Centennial Technologies Inc. chief executive Emanuel Pinez, the man at the center of a huge 1997 stock fraud scandal."
"Nahmias, the other SafeScience investor contact, also spent part of his career as a stockbroker. The National Association of Securities dealers barred him from association with any NASD firm in any capacity in 1996 as a result of a disciplinary case. Nahmias had been censured once before by the NASD and temporarily barred by state regulators in Tennessee for ''dishonest and unethical business practices'' in 1988."
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