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Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (261)9/19/1999 4:23:00 PM
From: Fundamentls  Respond to of 353
 
Gosh, according to the LOAX insiders, whoops, I mean longs, Bill Alpert (that article's author) was fired by Barrons for writing obvious nonsense back a few months ago. So this must be a sinister trick of the shorts, who have infiltrated Barrons and planted the article using a former columnist's byline!

The only question in my mind is whether any of the LOAX longs actually read or believe such trashy journals as Barrons anyway (one of the Yahoos referred to it as the Barrons Enquirer). Wouldn't anybody who COULD sell LOAX have done so by now? I wouldn't be surprised if this press has zero effect on the price.

Maybe just wishful thinking since I boxed yesterday in anticipation of the telescam investment so widely reported to be coming. I think this puppy's got one more pump before the ultimate dump.

I hear that Dirks & Co will not confirm that they won't release insiders from the 1-year lockup after 6 months, which was all they promised NASD. I figure they'll probably just charge the insiders about a 50% commission to let 'em sell early. That's what I call a win-win situation, since 50% of $5 in November is better than 100% of $0 in May, even without taking reinvested dividends or the time value of money into account!

Fund



To: Glenn Petersen who wrote (261)9/20/1999 3:51:00 PM
From: gladman  Read Replies (1) | Respond to of 353
 
Not a bad day considering the bad press - and it appears the shorts are covering into the close.