Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Don Westermeyer who wrote (12675)	8/12/1998 5:49:00 PM
From: Oeconomicus	Read Replies (1) of 18691

Don, re GCTY, it sounds like no one is even sure how they MIGHT actually generate material revenues one day, never mind profits. At least AMZN planned on selling books before they figured out they couldn't make money at it and started searching for a workable business model. GCTY is looking a little like a blind pool - go out and raise a bunch of money from shareholders who are immediately diluted by the principals who put up relatively little, then look for a way to invest the money to produce a return. Meanwhile, the stock trades purely on speculation that they might find a viable business. Didn't the late 20s and the late 60s see similar phenomena? Just another sign of a very sick market, IMO. Bob

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