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Gold/Mining/Energy : Microforum (MCF:TSE)

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To: Syl98 who wrote (2656)	6/16/1999 2:55:00 PM
From: Wingman23	Read Replies (2) of 3896

I did not read the gazette but the following is a synopsis of the article that appeared on Stockhouse: "Microforum's outlook murky after share surge" Rally triggered by short-sellers could fade Tech stocks by Larry Macdonald (sorry the gazette has no link to the story on their site) Basically he's saying that the rally to $12 was created by short's covering (ya right Larry all the way to 12 eh)Then he mentions Wong is bullish.OK. Last 2 paragraphs "On the other hand,the notion that the recent sharp escalation in shares is a reflection of great internet promise might be somewhat overdone.At least part of it reflects a short covering panic triggered by repositioning and promotion of the company."Yes a "part" of it "Moreover the claim that Mcf is undervalued relative to it's peers in the US might be based upon shifting sand.What if those benchmarks are excessive to begin with,overly inflated by the current mania-like sentiment for Net stocks?Perhaps the benchmarks will devalue instead." Ya Larry and what if they're not.When this baby hits Nasdaq you're maybe's and perhaps's will be flung into the same sea of dung that you're mouth is full of. Supposedly this Larry Macdonald is freelance. Wingman

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