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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (788)	6/16/1999 11:20:00 AM
From: ISP_Investor	Respond to of 2514

Thanks Tom- 20M shares fully diluted @ 30 makes valuation 600M - cash = 520M which values a company with 3/4 of a beta demo in a crowded market with a potential product delay (given the stock price's reaction in the last two days the stock usually falls ahead of news and the fact they will have to code to a new standard) makes this stock worth 10-60M with strong technical indicators (so I am told) that say the stock will go lower. I'm not covering for a while on this one. I've ridden my only other short (LOAX) for a while and even though it is a tired horse (you could have shorted it any day since May 14th and covered two days later and you would have made money) it still has a 50%-80% downside as fundamental value is sub $5 and the stock is at $13.