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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (1110)	10/14/1999 1:22:00 AM
From: Marconi	Read Replies (1) \| Respond to of 1305

OT Hello XCR600: What a mixed bag of tricks!! Taking the bucks from the going concern (insurance) and related services and buying into the unusual Internet equities market--and shooting for 'value' deals without a fair notion of how these Internet firms will make money (although the allusion is to buying 'models' and trading on that seems what is meant toward defining 'value'). Seems to be a fuzzy way to describe gambling with proceeds from the going concern. Assuming a 5 year bubble life, going forward, it would seem that they at the forefront they hope they are at with the Internet deals, but are likely to be managing many walking dead for years to come. Put another way, it appears they are putting money into hopes. And I strongly suspect the hopes are founded on finding a greater fool. Not a solid long term proposition. With detail there may be something in there for trading, but I suspect within 5 years the adventures may see the handwriting on the wall. Not college fund material. Try valuing them by insurance and service returns, and ignore their Internet adventures 5 years forward. Much hopeful speculation is expected to wither if times become tougher--scarcer fluff money to blow, rising real interest rates, recessionary output effects, economic shocks, and such. More opining than numbers. My time lately has been spent hacking other things. From what I read on the URL, it would seem that the ongoing service businesses would lend themselves to sector analysis easily, an the Internet stuff could be ignored for a first round; my suspicion is that the result longer term is that trying to play me-too Internet deal maker is not worth it to them. Best regards, m