To: Suzanne Newsome who wrote (32987 ) 7/27/1999 11:26:00 PM From: Tom Respond to of 44908
Hey Suzanne: I have been doing some serious skipping over the RB posts. I agree that it is WAY too premature to speculate that we now have pp shorting again, just because there is some selling going on. Daytraders and momos were a part of the recent bounce up, and they are NOT going to hold if the stock temporarily stalls out. They are going to sell. Now, if we see a "surgical" 10% EVERDAY drop, as we witnessed for about 30 straight days recently, that would be another story... Although there may be some truth to "parts" of Alyce's rants on RB, we also need to pay attention when she says your "conservative" projections have TSIG bringing in $400,000,000 by the "end of the year". This is 10 TIMES your "conservative" projection. Let's be real folks. I understand that she cut the earnings est in 1/2, but it was still a ridiculous statement. In addition, everybody wants to believe there is a 23 cent floor. We do not know, at this point, that there is ANY floor. All I can go by is what Paul Henry has told me, which is that they have been in talks with "old" lenders and "new" lenders, at hopefully a fixed price above the current price. (That was a paraphrase, folks.) I try to remain optimistic, but I share Securit's catch phrase until we actually see anything in writing. There are many great deals which have fantastic potential. It seems like it is taking forever, but there HAS been great progress. There is a lack of anything new to discuss at this point, so SI is taking a breather. When the news starts rolling in, we will be chatty threadheads again! If you want to see a REALLY insane thread, check out Starnet on RB. Also, for a gaze into our possible future (I know the share count is hugely different) check into the chart of Starnet for the past year or so (including today's chart). Tom