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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: The Osprey who wrote (6414)1/27/1999 4:58:00 PM
From: Mr. Pink   of 18998
 
Mr. Pink doesn't short internet stocks...

But this is a piece of crap....think about it the "revenues" are the gross amount of goods traded on which they earn a small fee....so real revenues are not really 26mm, the grossed up figure but more like 5mm at the most....valuation is ridiculous given that they lose money on a pittance of sales...

Still, like other bogus companies, there is tremendous room for hype. Just be careful.

Mr. Pink
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