SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CyberShop International, Inc. (CYSP)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Shane Venem who wrote (737)3/13/1999 9:24:00 PM
From: Rajiv  Read Replies (3) of 884
 
I am long CYSP (as a very short-term play) for the following reasons. Feel free to criticize any of these points

- Of late, momentum internuts have shown a tendency to continue their run well into the second day. Some of them have managed to make it to the third day's opening bell before crashing.

- CYSP is a very crowded short. The float is around 3.5 million whereas the last official short interest lists it at 0.9 million. Internet stocks with high short interest (% wise) have been more volatile.

- Greater fool theory. Most of the gains came in the afternoon. There will surely be some people who will see this in the Nasdaq winners list and consider it to be great buy. After all it did manage to go to 20+ the last time it ran up.

- Continuation of the above. Has anyone seen the revenues for the third quarter (quarter ending Sept 30, 1998)? Less than 0.5 million ! And it still managed to see the 20s

- Clean balance sheet. There are no large deep discount converts (like JBOH), complicated reverse mergers with the ex-management dumping millions of shares (like IMON), CEO selling shares and also screwing other directors (like SKYM), large overhang of newly issued shares via a merger (like SEVL). It even has enough cash to stay afloat for a minimum of 12 months. JBOH, IMON, SKYM, SEVL, etc. have all continued to run for 2+ days before the "crash and burn".

I will not try to defend its fundamentals as it is clearly overvalued. CYSP happens to be on my list of potential short plays.

Regards.
Rajiv
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News