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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: Giordano Bruno who wrote (15537)	6/2/1999 8:56:00 AM
From: pater tenebrarum	Read Replies (2) of 99985

Jim, PCLN is the stock i love to hate...the most overvalued and overhyped stock of all time. as of may, approximately 2 million shares were short out of a float of 10 million. of course it is risky to short it, as a squeeze is probable if and when it moves up. as to what it's worth, i have no idea. but i do know it's not worth $100. a $14 billion market cap on negligible money-losing revenue is just too rich, considering no-one even knows whether they will ever be able to make money. to me it looks more like a stock-selling scam than anything else, but what do i know? wall street analysts just love it and they are always right, no? <g> regards, hb

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