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Technology Stocks : 2TheMart.com TMRT
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To: trader who wrote (403)5/20/1999 11:37:00 AM
From: Smilodon  Read Replies (1) of 1494
 
Well, you are right about EBay.

Those are truly amazing numbers.

But TMRT, will probably never do more than $1 mil in sales. Even if it is a legitimate business, it is too late to start an auction site. To much established large competitors. And, there are substantial first mover advantages as getting a critical mass of users is very important to having an auction. Opening a retail site would have a much better chance of success.

But, I doubt these guys are that stupid. They will probably dump stock at some point and make their money that way. They may very well be shorting it as we speak.

I just started shorting it again. It looks like it is being manipulated up pretty well. Given the background of the people involved in this, an SEC halt might be possible. I will have to do some checking. If you are really long, and not a paid tout, make sure you don't have so much in it you can't stand for it to go straight to $1.
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