Hi all! I found out why the shorters are here. (temporarily!)
Barron's this week, which I subscribe to online also, has an article about a guy who runs a hedge fund in atlanta that's "net short" for Atlanta-based GMT Capital. He previously spent 17 years as a manager of chemicals and plastics businesses, preparing and executing business plans. He's long energy stocks.
In the article, he mentions shorting Amazon, etoys and WAVX. He just doesn't seem to think the boxmakers will put the meters in the boxes, doesn't seem familiar with intelecast, etc. He mentions that the company's been around since 1988, says that companies like cybercash haven't had much success with microtransactions, doesn't think consumers will be willing to send money to an unknown company like wave systems, and concludes "if the microtransaction market ultimately becomes an attractive one, we think the big players like Visa will dominate it, not some company with neat-o encrytion technology like Wave Systems."
Well! Is that all this was about? The article, for someone who is familiar with the roadshow information, is nothing to worry about.
have a happy fourth, all! |
