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To: Mark L. who wrote (274)	6/19/1999 3:02:00 PM
From: 1-DAY-TRADER	Respond to of 790

IMH, MICC should be researched further for a short position. I also think that the Cellular soln is the future for 3rd world countries, but the corrupt relative governments will make entry into cellular tech much more expensive for their poor populations - only middle and upper class will have access to cellular coz only they can afford their governmental extortion. Thus, their model of business may or may not work out, but the question is: How long can the company survive above water till such governments change their corrupt methods of extorting their own people??? best regards, mark

To: Mark L. who wrote (274)	8/30/1999 8:44:00 PM
From: Mark L.	Respond to of 790

Re MICC: In the event that anyone followed this recommendation, I think now might be a good time to cover. In short, unless they sell some more assets soon, the company is going to go from profitable to dramatically unprofitable this year. This has now happened, and the market has reacted to it. You've got a nice profit, so maybe you ought to deploy the money elsewhere. I personally am not covering because I feel the company is still vastly overvalued. But the catalyst is now gone. From this point on, it's a valuation short. Since my short position was put on at a higher price than the readers here, I can stand more unpleasantness than people here might want to endure. The only exception to covering would be if you have a conviction about world-wide interest rates (I don't). If you think world-wide interest rates are going up, then this would be a superb way of playing that conviction. MICC would really start hemorrhaging if their interest expense increased.