Shorting stocks: High fliers Message Board

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Strategies & Market Trends : Shorting stocks: High fliers

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To: Anaxagoras who wrote (597)	12/1/1998 9:56:00 AM
From: Q.	Read Replies (1) of 709

Anaxagoras, that CNBC guest list could be really useful. I noticed another guest this morning will be the CEO of BIGE, which used to only run some unprofitable retail stores that sell merchandise related to certain book and comic book characters. The 10Q shows negative working capital, negative cashflow from operations, and net tangible assets of only $3.2 M. The stock was really in the doldrums, and then in the last couple of days, somebody lit the fuse. Looks like they launched a web site to sell some merchandise, and that was good for a quick $100 M of market cap. It can be found at www.bige.com . From here in Germany, their web server is slow. It offers you a place on a waiting list for furrbies. Now why don't I just put out a news release that says I have a web site? quote.yahoo.com

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