Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (17208)	1/26/1999 3:43:00 AM
From: Graeme Smith	Read Replies (1) of 18691

> go have a look at the IMON thread. Every time I look at it I > have to short another 1000. Then I downloaded the software to test, > and shorted some more. Seven employees. How can this company be > worth over $200 million? No way. Roger you summed up my feelings exactly. I have honestly never seen a better short. To work out the value of this company, I tried to guess how much money the average guy who writes a shareware program will make. Then I divided it by 100 since the WinZinger product has absolutely no market. I downloaded it and tried to work out who could use it. The answer is no-one. Yet IMON has a market cap of not 200 million but over 300 million. I agree with you that this is a stock that could run away. In fact it has already run away and is a 20 bagger. My personal belief is that there is little room to run any higher. Normally stocks which achieve this have a very long timeline before validification. ie. Y2K, internet sector, Biotechs. It may take years before anyone knows that they were truly worthless (or maybe worth every cent). IMON has a 20 minute timeline to verify its claims. Anyone who downloads the software knows within 20 minutes it is unsellable. IMON is definitely the target of a pump and dump and short squeeze. I would say that it is safe to say that even in a worst case scenerio IMON could never reach 1 billion in market cap. The amount of money required to achieve this in a P&D would be phenomenal. If someone had that type of money for a P&D scam, they would not be wasting it on a 7 employee company with an easily disprovable story. So given enough margin to survive a tripling of stock price I would say it is safe to say someone can have a close to 100% return. Maybe in a few months, quite possibly in a few days as I'm sure the dump starts before the 29th of this month. Graeme

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