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Strategies & Market Trends : Galapagos Islands

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To: GraceZ who wrote (16401)12/12/2002 11:49:37 PM
From: Jorj X Mckie  Read Replies (2) of 57110
 
Certain is a pretty strong word, I almost never use it when discussing business models. I use it when I say things like, "I'm certain that they had positive cash flow of 9.5 million for the quarter, up from 7.6 million in the previous quarter."

It is a pretty strong word, strong enough from keeping me from going long. I would need more to get me to go short.

Are you certain that the positive cash flow that you see will get WEBX where it needs to go? Are you sure that your fundamental analysis of the financials isn't missing something? Some awfully smart people missed some pretty big flaws in the fundamental situation of several companies that went they went long on and then the company subsequently went BK.

It's been about 8 months since I used Web Meeting. They would have to have a lot of job openings to handle all of the people that got laid off from my old companies. And more still coming.

One thing that I am absolutely certain of is that it has a bearish RSI divergence. But it also has a short interest of 41% (delayed numbers). I wouldn't touch it as a short for that reason alone.
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