Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (2806)	10/26/1999 6:52:00 PM
From: Harpo	Read Replies (1) \| Respond to of 3015

<<do we cover the short and go long at this point>> what rationale could anyone possibly have for going long on SRCM? This deal only adds about $1 per share to the till, and the stock is already up about a dollar on the news. They aren't even allowed to spend half the money because they have to pay interest with it. The rest of the money won't even cover a years operating losses. The losses have been mounting, and accelerating. The founders skipped out with millions. The debt has recently been downgraded. The "story" has grown old and stale. SRCM has been passed up by the technology parade. There is better technology elsewhere that is backed by reputable business. <<I will chalk SRCM up to my list of horrible shorts>> Surely you aren't going to give up now! Why, Rome wasn't destroyed in a day, my friend. SRCM management has been working hard and long to drive this sucker into the ground. You have allow time for the seeds they have so laboriously planted to rot in the ground. regards, Harpo