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Microcap & Penny Stocks : VLVT (was CSMA)

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To: TraderGreg who wrote (10448)1/6/1999 8:10:00 PM
From: jan_mike  Read Replies (1) of 11708
 
Even better be like Mike Doonesbury and start the company, suck all the juice out of the investors, dilute the hell out of it to pay your friends, divest the only assets into paper spinoffs. Whoops, I crossed comic strips.

I got smoked last year buying puts against aol, yahoo and amazon, so I never underestimate them. I sure don't want to be in front of the stampede if the group shows any signs of faltering. I'm not betting against the continuing stampede upward either. I would guess that at any serious weakness they'd get shorted into the cellar. They have penny stock type fundamentals with IBM valuations. That NETZ crapper got me thinking seriously about the whole group and even though I rode some early like THNK, I elected to pass. It's an impressive potential sales channel, but where's they money going to go? UPS? Radio creeps (730 am) hot on Yahoo, but expecting a 30% sector correction. Raise your hand if you'd stand pat during a sector with no earnings starting into that pattern.
Mike
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