Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: steve h who wrote (57302)	6/13/2000 1:06:00 PM
From: TeamTi	Read Replies (1) of 122087

Steve - I'll let Superfigg answer for himself. I opened a small short position at 21 and closed it out at about 16 3/8 yesterday. I am quite happy to take that kind of gain over the weekend. It is quite likely that MPPP will go down further because I feel, and I bet others do to, that the settlement terms is bad news. One thing MPPP had going for it was a big cash position. Enough to ride out bad times and wait out dot.com bashing until either they became profitable or they could arrange alternative financing. With the settlement, and the prospect of cash payouts and/or further royalty payments, they bleed quicker and may have to push back profitability a few quarters in the future. That is why MPPP is good to hold as a long term short IMO. I just sold because I think settlements tend to come in bunches and the investment community looked on the settlements as a good thing - which they might be if the terms didn't involve more bleeding for MPPP. All IMO

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