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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: John Lacelle who wrote (473)5/12/2001 2:09:31 PM
From: XBrit  Read Replies (1) of 6873
 
Are there any shares of GENI available to short? I haven't checked but I'd be really surprised.

GENI is essentially a private company, the float is only 7% of the outstanding shares. Put another way, the total float is only valued at $22M even at the current fantasy price.

About 70% of the company is owned by two individuals, at least one of whom (Kashoggi) has a criminal record.

I saw some of their kiosks in a mall in Santa Monica last week, and I agree this seems to be a total POS dot-com business model. But IMO trying to play GENI is like playing poker with Tony Soprano.
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