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Biotech / Medical : Biotech vs. Shorts -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (105)8/4/1999 9:24:00 PM
From: scaram(o)uche  Respond to of 427
 
exchange2000.com

thestreet.littlebarriertoentry

thestreet.certainlydoesntdobiotechwell



To: scaram(o)uche who wrote (105)8/4/1999 9:27:00 PM
From: John Metcalf  Read Replies (2) | Respond to of 427
 
"Why aren't all of these guys in jail? Clinton morals...... do anything, and, if you get caught, blame it on grandma and double dip."

So Clinton's grandma is responsible for a couple duplicitous short attacks? I agree he has trouble keeping his shorts up....

The underwriters for theStreet.com were Goldman, Hambrecht&Quist, and Thomas Weisel Partners LLC (sp?) 5.5mm shares plus a greenshoe were offered. Herb Greenberg was listed as a senior columnist, with a couple photos in the registration document.

You will be comforted by this section, from TSCM's statements of risk:

"OUR FAILURE TO MAINTAIN OUR REPUTATION FOR TRUSTWORTHINESS COULD HARM OUR BUSINESS

It is very important that we maintain our reputation as a trustworthy news organization. The occurrence of events, including our misreporting a news story or the non-disclosure of stock ownership by one or more of our writers in breach of our compliance policy, could harm our reputation for trustworthiness. These events could result in a significant reduction in the number of our readers, could materially adversely affect our business, results of operations and financial condition."



To: scaram(o)uche who wrote (105)8/4/1999 9:53:00 PM
From: scaram(o)uche  Read Replies (2) | Respond to of 427
 
thestreetwhores.com:

Grrrrrrrrrr.......... (original message deleted)

I have no vested interest in SEPR....... no equity or options position. I briefly held leaps after the last KimmelF*rt, but the quick profit was too tempting and I took it.



To: scaram(o)uche who wrote (105)8/4/1999 10:00:00 PM
From: LLCF  Respond to of 427
 
<Why did an underwriter assign a premium price to an operation where the founder had '98 performance like that? >

It was clear that wall street [anyone who had the clout] all jammed as many IPO's as they could into the "bubble" while it was expanding. Houses were approaching groups to go public. TSCM was only taken public because they knew dopes would buy it. There were buyers because it was on the web [.com]. Look at this company as a traditional one... "Oh, we have a great business idea: A new NEWS organization!!! We're going to compete with Dow, Reuters, and oh, yea that little Bloomberg group. But don't worry we've got a great niteclub act, and right we think he will continue to be on CNBC to give us some publicity... I bet the only reason they even have some writers with English degrees is they gave 'em stock.

What a joke... but you know what, I don't care about TSCM. These clowns come and go. What really burns me is the money that the public has pissed into the abyss in these schemes thanks to the Golmans of the world. It makes the "Geraldo" journalism abuses TSCM uses look like jaywalking. The greatest speculative bubble of all time augmented by some of the biggest names on Wall Street. Remember Merril firing that guy for saying how overvalued on of 'em was?

I just prey that the repercussions that are now unfolding are as harmless as the biotech bubble in the early 90's they talk about on T.V. I'm not so sure... lots of people leveraged to the hilt, ne 5000 ft homes, 2 new cares and a boatload of stock: Lets party!!! Toss in an economic cycle thats awful long in the tooth, aaawww, forget it.

Holding my S&P puts.

DAK