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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Stephen M. DeMoss who wrote (2149)1/28/1998 6:34:00 PM
From: Leo Francis  Read Replies (1) of 4903
 
Stephen, I'd say I was correct, as NSCP hit 14 7/8! I'd call that dropping.-g- BTW, when I posted, the bid was 16, and the ask was 16.5, then 16.3, etc, the ask was dropping.

Did we have short covering today? Program trades at 52 week lows?

No need to hide my short position, as I have clearly stated my short position, and the justification for being short.

Analysts are now forecasting a LOSS for 1998! Revenues are forecasted to be LESS than 1997. Explain why NSCP should sport a valuation of 3-5 times revenues, with no earnings, and severe growth doubt.

I'm sorry for the longs, but I call them as I see them, not see them as I call them. I'm calling 8-10 as that's what I see.

Good Trading, LF
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