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Technology Stocks : CyberCash a buy?
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To: Paul Weiss who wrote (2621)1/8/1999 4:40:00 PM
From: Mr. Park  Read Replies (3) of 3990
 
With all due respect I have been following CYCH for a year. I believe the SHORTS WILL GET SQUEEZED. There is 8 mill float with around 3 mill short. I believe that many shares were shorted today as well. I followed Level 2 all day, INCA and ATTN are short 15,000 shares minimum. That is tiny but I saw them try to cover to no avail. Monday may see CYCH's explosion into the limelight. People who don't know about InstaBuy will see that this is a company with great revenue growth, mkt share, as well as technology. InstaBuy will revolutionize e-commerce. Little do people know that EBAY and ONSL use CYCH wallets. CYCH is creating the medium for e-commerce. A shopper only has to enter his/her credit card one and then they may shop using a USERNAME and PASSWORD. All InstaBuy merchants will only need those two things to allow purchases. CYCH has been busy getting merchants to sign on. In case people didn't know...CYCH is the official wallet of NSCP thus AOL. That is an instant 15 million users. Not to mention MSFT uses CYCH for credit card transactions as well. The CEO Bill Melton sits is a director on AOL's board. Don't you think he will have a role in bringing InstaBuy to AOL? Monday we will hopefully see a fallen star reborn. Each time CYCH has gone in 20 range its gets shorted heavily. This time was the same. I would say short interest has increased not decreased because many don't really no what CYCH is. As I said, Monday we shall see.
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