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Technology Stocks : WorldGate Communications, Inc. (WGAT)
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To: speedbot who wrote (331)7/26/1999 6:54:00 PM
From: OhioSwami  Read Replies (2) of 589
 
Where are all the bulls on WGAT--it's been two weeks since anybody posted here. I thinkg this one is headed more downwards. They don't have the quality research to sustain their valuation right now, especially when the 15.1mm shares get out of lockup in October. Their market cap as a multiple of this year's revenue estimate (5.5mm)is 156x--the upside is gone, and unless the company gets a strong underwriter to do a follow on, I think it will tank when lock-up expires. I put in a short for 100 shares at the end of last week. Anybody with me?
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