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Strategies & Market Trends : Shorting stocks: High fliers -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (671)	7/7/1999 7:32:00 PM
From: Mad2	Read Replies (1) \| Respond to of 709

Well C, CUST was very profitable today down 19%. I'm going to ride it till the elevator stops (some feeble support in mid to low 30's) then it's look out below. Their pre-conference release is a mouthfull and should be read if you have any interest in this stock. customtracks.com From their pre-conference statement (bunch of mumbo jumbo) While not making predictions, it is easy to construct scenarios in which 10,000,000 to 50,000,000 email addresses would use ZixMail. This equates to annual revenues of $120 million to $600 million. Given their conference call went off at 1pm and the stock tanked big time around 2:15est I'd venture to say the conference call went over worse that the pre-conference statement. One problem is the company defining their own market at small as 120mil in anual revenues (with a market cap of >600mil). Besides the business model looks very weak to me. Kinda like trying to get users to pay for something like Netscape navagator. Anyway I think a lot of CUST supporters have been waiting for the "big unveiling" and it seems as many have predicted to be a non-event. Best Regards, Mad2