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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Scott Bergquist who wrote (771)4/13/1999 11:12:00 AM
From: Tom Hua  Read Replies (1) of 1305
 
I thought the whole idea was to "make money" rather than "be
correct"??


Scott, I agree completely. With an operating net company, one can rely on irrationality to put on any kind of spin one wishes. WCAP, however, is entirely different. It's not an operating company, it's a closed end fund. Anybody can duplicate WCAP's holdings at a fraction of the cost of owning WCAP. The media might pick up on this very point and WCAP will be slammed.

I'll hold only one short long term, and this is the one.

Regards,

Tom
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