Insider selling ,,the quantity and date is indicative of where efax is heading next couple of days. How many times does one have to read the same damn story over and over. Navr dbcc avco sath,,, the list goes on and on. If you want a cheap internet fax stock there are several bulletin board companies justly valued in the low digits that have a business focus in this.
Now
What i find interesting on another big mover today is this following article from bloomberg out after the close of trading regarding wcap and their underwriter. This things smells fishy and makes me queasy to read, following from bloomberg........
Winfield Capital Shares More Than Double, Set Record
White Plains, New York, March 15 (Bloomberg) -- Winfield Capital Corp. shares more than doubled
on the Nasdaq SmallCap market. Officials of the company, which went public in October 1995,
didn't immediately return phone calls.
White Plains, New York-based Winfield rose 12 15/16, or 111 percent, to 24 5/8, a record. The
stock traded as high as 25.
Winfield Capital's initial public offering in October 1995 was managed by A.S. Goldmen & Co., an
Iselin, New Jersey, brokerage.
Last year, A.S. Goldmen, its owner, Anthony J. Marchiano, and two employees were ordered by
regulators to pay $305,000 in fines and $1.1 million in restitution for allegedly manipulating the
shares of Innovative Tech Systems Inc., a software company. Marchiano and the employees said
at the time they would appeal the order.
Marchiano owned 9.95 percent of Winfield Capital last July, according to documents filed with the
Securities and Exchange Commission.
Marchiano couldn't be located at the Naples, Florida, address listed in the July 1998 SEC filing.
A.S. Goldmen was no longer listed in New Jersey. Marchiano's attorney didn't immediately return
telephone calls.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
I by the way am short both efax and wcap for the haul. |
