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Microcap & Penny Stocks : Lose your money FAST and EASY in Penny Stocks.

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To: peter xutra who wrote (5)2/26/1999 4:52:00 AM
From: RockyBalboa   of 17
 
Yes. With 53M market cap, PWCC look interesting cheap.
However, note that the earnings fundamentals - per the last 4 quarter filings are not too bright. And PWCC apprechiated from a lower base level to recent near $20.

Many, and also for "spread reasons" will hedge their IPO exposure through the backdoor. An easy example would be when you receive IPO shares at, say $13. And they trade at $30. So you want might short PWCC shares as a proxy, if you don't want to flip the IPO shares.
Hedging is mentioned on SI and sometimes in public reports (CBNC did on on DBCC in January, I think).

I won't say that, if we hadn't too much examples in the past. We have it, even in written form. PWCC will continue to trade in a discounted arbitrage form AFTER the flashnet IPO. For the reason that a major part of its then applicable book value is made up by flas (when flas trades at a high price).

C.
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