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Non-Tech : Bill Wexler's Dog Pound
REFR 1.940-7.6%3:39 PM EST

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To: Mama Bear who wrote (3229)8/26/1999 10:03:00 AM
From: Bob Trocchi  Read Replies (2) of 10293
 
Barb...

Re: Shorting Internet Stocks

I have also "dabbled" in a few Internet stocks and currently am short CUST.

Have you looked at WEBB

Their recent SEC filing:

biz.yahoo.com

indicates that they will run out of money by October 99 unless they get additional financing. I suspect they will get the financing but that adds to the dilution.

Their business is providing SW for small businesses to use templates to build e-commerce sites and seem to have business model in which they partner with community based web sites. These community based web sites then get the small local businesses to set up e-commerce on the "local" web portal.

This feels like a long hard sell to me.

I am currently short WEBB and I am ahead around 2 1/2 points from 12 1/2 to 10.

Any comments?

Thanks, Bob T.
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