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Microcap & Penny Stocks : Accelr8 Technology (ACLY)

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To: David Eddy who wrote (116)6/29/1997 7:12:00 PM
From: John Dally   of 149
 
I'm short ACLY based on valuation.

I appreciate the products and the positioning of the company, however, with a valuation of 30 x sales, how much more ridiculous can the valuation get? Would anyone rational pay $30 for a business that produces $1 in SALES!!!

Once the Y2K bubble bursts, as all high-tech hype jobs do, the high price-to-sales-ratio stocks will tank the most. In any case, the year 2000 will put an end to the ridiculous valuation.

The Y 2000 IS a time-bomb--A time-bomb for Y 2000 companies!

Lots of luck! John.
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