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Technology Stocks : Source Media SRCM

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To: Pluvia who wrote (820)	8/9/1998 10:13:00 AM
From: T.K.	Read Replies (2) of 3015

I hope you shorts have had your fun and have your buy orders ready because this stock is going to go up and your asses are going to get squeezed tighter than an olympic gymnast (who happens to be a virgin). I gotta hand it to ya, you've taken advantage of an easy opportunity and I assume done quite well with it. Here's some free advice; COVER. You say it's all a scam and management is looking to cash out, one of you even called SRCM's shareholders "foolish". Would that person (and I use that term loosely) care to call Fidelity (that's the mutual fund out of Boston) and tell them how foolish they are. Now I first bought this stock at $5 so I'm up at 17 1-2 but I'll be happier when I see you fools silenced then I will be when I sell at $30.(I managed to sell only 1000 of my 12,500 shares on the run-up getting that off at 34 7-8. I guess you think Prudential is in on the "scam" along with all those bucket shop promoters like Southeast Research Partners. I did my own research on Southeast a small research boutique with about 15 analysts. Of the 15, 2 are current and another 4 are previous "Istitutional Investor" All-Stars as you see ranked in the Wall Street Journal. I also spoke to a friend of mine who happens to head the marketing department of a mid-sized small cap fund. Southeast is one of their favorite firms. Funny, that doesn't sound like a scam outfit to me. But back to Prudential, They went from Buy to Strong Buy last week w/a $25 target SRCM presented the technology in San Fransisco Friday and word is they met w/ some of the major tech firms (you idiots know who's in S.F. right? H&Q, Montgommerry,) thogh I don't know for what reason. Lazard is their current investment banker so my guess would be that one of these heavy hitters could initiate coverage; that's after of course they accumulate a few hundred thousand. They present in New York Wednesday. The stock acted well in a tough market at the end of the week. My guess is we see some news next week (an MSO agreement with a top cable company is my hunch. The beauty of owning a heavily shorted stock which is moving up on good news is that EVERYONE'S buying it. The people who like it are averaging up/down 'cause theyv'e seen it run to 39 and the people (like you) who don't like it are buying it to cover their shorts(asses). I wouldn't be surprised to see it run almost as fast as it did before. The stock appears to have support at $16. If it wasn't for those damn margin calls I'd buy more (I own it from as low as $5 1-2 and as high as $22 w/an average cost of $11.13. One more thing Mr. Short if AOL does happen to buy this company and your still short, does that mean that you would be short AOL? That's a pleasant thought, sweet dreams and goodnight.

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