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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?

To: hookbull who wrote (556)	7/8/1999 12:42:00 PM
From: Rod Somma	Respond to of 845

If WIT reports a profit instead of a loss, look for this thing to skyrocket. What I find interesting is that they are due to announce earnings on 8/2. 8/1 is the date IPO holders can sell without penalty. I don't know about everyone else, but I'm holding on for earnings!!!!

To: hookbull who wrote (556)	7/8/1999 1:05:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 845

You mean I have to buy more now,geeeez.<g> Whether they make money or not for the quarter I don't know but here is the deal,if they can narrow the expected loss- the consensus is 0.13/share- that would be great but if they make a profit then this baby is going to fly,sort of like 'to the moon Alice'.<g>

To: hookbull who wrote (556)	7/8/1999 2:07:00 PM
From: Elroy	Respond to of 845

Wit will report a profit for 2nd quarter, instead of a loss That would seem pretty incredible. To me that would mean that they aren't spending enough to hire additional employees and upgrade systems. I think revenues for June Q should rocket (since underwriting has rocketed), but expenses should also ramp pretty quickly. Either way, on this one I like the 60 day hold requirement! I'm tempted to sell, but this does seem like it has a chance (first mover, brand name, largest market share, etc.) to be one of those totally crazy Internet stocks like EBAY that just goes up and up and up. Curious what anyone thinks of Wit research? Does anyone read any of the reports? Elroy