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Technology Stocks : NewCom (NWCM)
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To: Cool Hand Luke who wrote (568)8/10/1998 5:34:00 PM
From: Billy Bob  Read Replies (1) of 662
 
The company is far from out of the woods. Harry Kurtzman is running NewCom, period. It is obvious that the Webpal does not work and could have a 5-10 million dollar writeoff on our hands. The stock price is going through new lows and the recent failed serge last month shows how desperate people are to get out of this stock. Simply stated this is a broken stock. It would be impossible to sell my position on the open market so I need to just wait for the bottom and average cost dollar in. The letter from Titan shows how bad the financing is going to be. Joseph Charles would not risk there reputation unless they are confident the stock is still going to decline. Remember, every time you see strength in the stock might just be shorts covering there position with a massive profit. The shorts own this stock and in control. Harry ruined what could have been a spectacular winner on Wall Street. What is worst is that I watched my IPO go from 8 1/2 to 18 5/8, and now back to break sindicate value. I own the Titanic.
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