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Non-Tech : J.B. Oxford

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To: Patherzen who wrote (1593)	3/25/1999 11:18:00 PM
From: Gil Gilbertson	Read Replies (2) of 2220

I really dont know a lot of details about JBOH or any of the online brokers for that matter, but there are a few things that common business sense will just tell you about this situation. 1. They are already established in a booming business that is being studied by some pretty big money in the financial world. 2. They have a recognizable presence and over 100,000 clients where other companies have valued at over 5,000 per account. 3. A short position in its max could only net about 6 points . Now this is against an unlimited potential loss. I say unlimited, because like everyone says , there is no stock float. May divine providence help the shorts who are caught in a delayed opening someday because of a surprise investment by a well financed firm or investor who wants to enter the online business with the least amount of hassle. 4. A short profit is a taxable profit, so for all that risk, there is only a net payoff under the most ideal conditions of about 70 per cent of 6 points or $4. Seems like a ridiculous gamble for even the most naive trader. Good Luck whatever you do, but I believe I will stay long just for the hell of it to see how it all turns out. Gil

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