traderI4 - another do-gooder on the WCAP boards has lost his shirt shorting WCAP.
- first, WCAP was in the single digits. In fact, WCAP's y-t-d low is $1.
- now WCAP, just hit $65 or so
- now the guy is in a whole heap of trouble. Luckily, the stock has backed down to $57 or so.
- my point: these Venture Capital firms, such as CMGI, WCAP, SHAL etc... are sitting on all sorts of stocks whose true value is much higher when they become publicly traded. And because of it, the stock prices of the owner - SHAL, WCAP, etc.. go higher. |
