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Technology Stocks : Source Media SRCM

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To: Moneysmith who wrote (1747)	12/1/1998 3:56:00 PM
From: Pluvia	Read Replies (1) of 3015

<<<Why is this stock up again($19.25) if it is a scam?>>> Have you looked at BFLY? It was an underwriting done by GKN 5/97 at $5. The company business plan says they are currently building and plan to market and promote a web site that will offer men's woman's and children's apparel and accessories at significant discounts. As of 6/30/98 they had no revenue, but they were up on BS news today that they are opening a website on YHOO's server. This stock is now trading at $21-24. And you ask how a scam stock could go up? Maybe BFLY is not a scam, maybe they just need 18 months to start a website any highschool dropout could setup over a long weekend... SRCM is a company that has no way out of filing for bankruptcy. They have no saleable products and lose money every Q. Today's stock price is irrelevant to the final outcome of this company. All comments IMO Cheers Steve

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