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Technology Stocks : Log On America, Inc. LOAX
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To: Ron Dior who wrote (219)6/23/1999 1:00:00 PM
From: ISP_Investor   of 353
 
No real deal here. I just got excited when I finally found a security worth shorting in this market and felt confident (too much confidence is poison though, so I'll probably stop looking at the stock for a few months and put some stops in on both sides).

I had another company called All-Pro Sports that I did a lot of research on and didn't short it and the company that was once at $13 became a penny stock. They were doing a great combination of multi-media development and a sports drink. Lawrence Taylor- the football player was a significant driver of the business. I didn't short it because it was dropping too quickly and I've been kicking myself ever since. That is the key reason, why I have been so bearish on the stock. The key thing in long-term investing is conviction and a willingness to trust your own judgment. I post the information I find to see if someone will contradict it so I can make sure I am on the right track. If someone came out and said that Nortel was investing 5M in the company, that would contradict the research I had done and would necessitate further research. If someone said they could get into ten markets and own their own DSL equipment for under 20M, that would contradict my research and give me add'l data points to make decisions.

I may be dead wrong and have my tail handed to me via a wildly successful execution of LOAX's business plan. If they did two things I would run like a scalded pig to cover my short 1) Made a few key hires of some jaw-dropping managers on the executive team and 2) Lined up financing via a large debt offering, equip financing, or another slug of equity to fund the rest of their business plan

I'll go long LOAX in a heartbeat when I feel like the long-term opportunity is there. Any data pointing in that direction or otherwise is appreciated.
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