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Technology Stocks : Source Media SRCM

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To: Michael Bidder who wrote (1449)	10/29/1998 12:45:00 PM
From: Willsgarden	Read Replies (2) of 3015

Can anyone explain the recent actions of MM's, who are maintaining large spreads as if they were clueless, and the fact that bids and especially offers are hiked up with every buy order. If they won't sell cheap...they're expecting higher prices..right? The bid drops quickly too though. I think they're clueless. Am short a small position, sold on technical resistance and the expectation that the market indices are all at resistance levels too and ready for a pull back. Am nervous about holding as i am at a loss now, BUT after seeing that they have negative book value(which i've not seen before), have no debt/equity ratio available, and seem to be relying on patents (not viable products), which easily can be circumvented in the tech arena...or become obsolete pretty quickly...not to mention the class actions, and accusations going around...and so many other investors down on this stock....I feel much better. Bill

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