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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who wrote (2309)10/20/2000 1:08:09 PM
From: thestockrider  Read Replies (2) of 19633
 
Hi Tom,

Thanks for the list yesterday. I shorted HOMS and WEBX successfully. I hope to reshort them if they move higher.

For WEBX, while the number of customers signed up looks excellent, this one looks like a serious short before its unlock date in January.
Revenues for quarter $7.5M
"Our headcount increased by 67 people to a total of 362"
With these revenues and head count, WEBX won't make enough money to justify its $1.7B market cap.

Huge Unlock On 01/23/00
Shares eligible for sale 27,309,266 5,315,809
As a % of Outstanding 75.6% 14.7%
As a % of Float at IPO 780.26 % 151.88 %

I'm also in on STEC at 7 1/2.

-thestockrider
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