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Technology Stocks : SHRP: The Sharper Image, Profitable making $ on Internet!

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To: TRIIBoy who wrote (300)2/26/1999 9:12:00 AM
From: MarieS   of 353
 
TRIIboy & Midas:

Hear ye! Hear ye! Surprise! Surprise! A new hype release from SHRP:

SHRP's auction site has "greatly surpassed" Dicky's expectations. It's a "rousing success" says Mr. Hype extraordinaire just after the company files an S-3 to sell 150,000 shares for a seller that "currently intends to sell all of those shares". If the stock is so cheap why are the in-the-know sellers & Dicky dumping stock? Why is Dicky hyping the auction site with words and no numbers? Maybe Dicky can't quantify a rousing success and that's why the "AUCTION FACTS" numbers box was removed from this site page on Wednesday and there are no numbers in the press release. Maybe Dicky's expectations were zero!

Maybe the S-3 disclosure that the "comparable store net sales charges were as follows":

Fiscal year 95 : 3.3
Fiscal year 96 : -2.1
Fiscal year 97 : 1.1
9 mos. Oct. 98 : 3.1

show that sales after returns have been anemic so the stock should sell in single digits - OH! Dicky you should really thank the Lord no one has filed a class action suit and gone to the SEC, yet.
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