Louis Rileys bloody glove. Why would he post a $85 stong buy on july 9th when his post in shark attack on july 6th 1998 shows he had a losing trade going then issued a strong buy to save his 100 july 15 calls to make a killing on the stock . His post is in the shark attack, big lous trading hall and pool hall. took everyone for suckers. His below post tells it all.
Subject: EGGS
Date: Mon, Jul 6, 1998 16:27 EDT
From: LRiley9900
Message-id: <1998070620275600.QAA16033@ladder01.news.aol.com>
I am almost afraid to post this seeing that both of my nemeses have posted on it as well.
Still, having followed and played it (poorly, BTW) before, I saw today's news as the big catalyst that will finally really move it. Today's close was huge - a breakout over the 1995 and 1996 highs. I am long the common to the gills and that is my 100 contract print @ 11/16 on the July 15 calls.
If tulipmania runs for a while, I guess it should print $30 by expiry.
CEO will be on CNBC manana.
As for valuation, this is from briefing.com. Of course, few of those EGGS TTM sales were internet derived.
So, perhaps a comparison to ONSL would be disparaged a la a comparison of KTEL to CDNOW.
Hmm, maybe I should issue a press release to make up for ADVH anyway? Nahh, that would be wrong.
<< INTERNET VALUATIONS: As you probably already know, Internet stocks do not trade on multiples
to earnings, as most are at least several years away from producing profits. Instead, analysts and
investors rely on revenues (either trailing 12-months or projected 1 or 2 yrs out) as a gauge of an
Internet stock's relative valuation. Although it is very difficult to put a cap on Internet valuations given
the strong demand for industry stocks, (particularly in the leading search-engine names) we can look
for names which currently look "cheap" relative to the remainder of the group. Investors who
engaged in this type of research when the larger-cap Internet stocks rallied earlier this year were oft
times rewarded with 50% to 200% gains as money began to sprinkle into the 2nd- and 3rd-tier names.
The following is a short list of Internet stocks, from the top-tier to the bottom-wrung, and their current
valuation on a 12-month trailing revenue basis. One should keep in mind that as earnings are released for
the calendar 2nd qtr, these multiples will be lowered dramatically as the latest quarter's sales figures will
be included in the calculation. For example, if Yahoo! reports another 200% yr/yr increase in sales as it
did in Q1, the company's trailing Price/Sales ratio would fall from its current level of 103 to 78, a 24%
reduction. So, in essence, it is just a matter of days before Internet valuations contract dramatically.
Price/Sales
Ratio
Market Cap
Yahoo! (YHOO)
103
$9 bln
Amazon.com (AMZN)
31
$6.8 bln
Lycos (LCOS)
38
$1.7 bln
Egghead.com (EGGS)
1.05
$307 mln
Netscape (NSCP)
9.6
$3.9 bln
InfoSeek (SEEK)
28
$1.2 bln
Audio Book Club (KLB)
8.7
$98.4 mln
DoubleClick (DCLK)
32
$1.2 bln
NetGravity (NETG)
49
$345 mln
CNET (CNWK)
26.7
$1 bln
Spyglass (SPYG)
11.8
$172.5 mln
Excite (XCIT)
39.5
$2.59 bln
CDNow (CDNW)
15.34
$380 mln >>
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