Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Nazbuster who wrote (8456)	2/2/1999 9:19:00 PM
From: Jim Spitz	Read Replies (2) of 122087

Daniel, I can't always tell whether something is a POS or not. I will not address that part of your question. As to TUTS. It is NASDAQ and as soon as the shares hit the trading floor, they are available as longs (buy 'em), or shorts (sell 'em). Period. You still need to check with your broker (sometimes you can see online and sometimes, like with NDB you have to call) to see whether or not there are any available for shorting. My guess is there are shares available for shorting of TUTS. Would I do it? Well I'm thinking about it since the volume seems to be dropping off. I have looked at the most recent s1A and see that they have been in business for 5 years and profitable in NONE. Well, that says something. They now have a little over 10 Million shares outstanding with approximately 25% in the float. Market cap is around 740 Million. That's a lot for a company which has never made a dime in profit. POS? maybe, maybe not. Maybe they have a hot technology. I don't really know about that. Personally they look like a good short to me at this price level. I'd have to bulk up my cash a little before doing it, though. Shorting 100 shares would take, well, depending on the margin needed, I'll assume 50%. Not uncommon at NDB. I'd need around $3700 in cash or some heavy hitting, (for me) marginable stocks in my portfolio. I don't have the stocks, so It would take about $3700 for 100 share short of TUTS tomorrow at $74. You always have to make the call for yourself as to whether or not you will participate in any positions. I'll have to wait until the morning to see. Best of luck! jimS

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