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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future.
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To: Craig A who wrote (3488)2/19/1999 12:57:00 PM
From: John Bissell  Read Replies (3) of 5300
 
OK folks, the bloodbath is basically over for now.

While I had called it right that the stock would probably drop the week of the Beta, I did not anticipate the size of the drop. Specifically, I didn't expect the shorts to pounce on WCTI (they covered this morning) and I did expect a much better Beta. Clearly the Wordcruncher team felt it was more important to meet a date commitment than polish the product.

This is a decision I definately agree with by the way. In software, you are NEVER done, so you have to publish sometime. Making dates consistently is a good habit to get into, so I do applaud Lunt and others at WCTI with their decision.

I also agree with their decision not to put a lot of $$$ in PR at this time. I was wondering why they didn't do more before the Beta release, but now I understand. Based on what I see now, it would have been a waste of money. Better to advertise aggressively when the product is more developed.

So OK what's next? We'll probably not get much upward movement in the stock price until there is a good reason to buy. Here are some things that can do that over the next few months:

1. Consistent and continued improvement in the product, particularly in content.
2. Deal with big name partner(s) announced (Novell?)
3. Release of General Availability product, release 1 (April timeframe?) accompanied with advertising.
4. Announcement of NASDAQ listing.

Until then, hang tight...


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