Firstwave Technologies, Inc. (FSTW) Message Board

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Technology Stocks : Firstwave Technologies, Inc. (FSTW)

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To: Allan F who wrote (111)	12/5/1997 12:14:00 AM
From: Roger A. Babb	Read Replies (1) of 1205

Allan, as an experienced short seller, I can not imagine any serious investor shorting BROC at these levels. Price to sales, price to cash, price to employee, and price to cash flow levels are much too low for that. Forgetting what I know about the company and just crunching the numbers, I would conclude that the upside potential is much larger than the down side. There are too many "almost sure thing" shorts around to try shorting a company like BROC. Also if I were a short and saw the last couple of news releases I would have covered in a panic. There was no sign of short covering today so I conclude that there is no significant short position.

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